"What is it the reader is supposed to do with these numbers??" Exactly. There are large enough incongruities in any one country's national income accounting before even getting into the question of international comparisons. Presumably. all these numbers are supposed to tell us is how big a war a country's industrial production could support. Everything else is just a tweak to reinforce the conventional wisdom.
On Sun, Mar 20, 2016 at 6:48 PM, Eugene Coyle <e.co...@me.com> wrote: > Yes, but is the problem different for Per Capita GDP? What is it the > reader is supposed to do with these numbers?? Talk about how rich or how > poor a particular geographical location is? > > Gene > > > > On Mar 20, 2016, at 10:16 AM, raghu <mragh...@gmail.com> wrote: > > > > On Sun, Mar 20, 2016 at 12:08 AM, nathan tankus wrote: > > "I am afraid I am still confused. My question is a purely technical one: > how do you define median GDP?" > > > > the point I think Raghu is making is you can assign personal income and > benefits to individuals but you can't assign plant and equipment, parks and > roads, exports and imports to individuals for the purposes of a median > measure. median personal income and median personal disposable income are > workable concepts. > > > > > > Precisely! > > -raghu. > > > > > > > > > > _______________________________________________ > > pen-l mailing list > > pen-l@lists.csuchico.edu > > https://lists.csuchico.edu/mailman/listinfo/pen-l > > _______________________________________________ > pen-l mailing list > pen-l@lists.csuchico.edu > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Cheers, Tom Walker (Sandwichman)
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