Isn't it a newfangled, constrained thing that is barely applicable to most nations? Could GDP be relevant to a country?
>>18080742it's one of those israeli ways to pretend the economy is better than it is. it got going during the great depression and after WWII. if you want to know how fake it is the US used GNP until 1991 then switched to GDP. what's the difference? GNP, which is already dumb and fake measures citizens, GDP measures >resident institutional units
>>18080742it's a pretty flawed metric to determine what the cream of the crop industry/earners/producers contribute to the national economy. it can't take into account income inequality or how manufacturing tanks and shells is fake GDP
>>18080758What if the country in question isn't a corporatist one? Say all legal monopolies are dismantled and regulations removed, wouldn't things lik income inequality or the lack of manufacturing solve themselves? The low wages and manufacturing questions likely would being solved by an array of new companies that establish themselves with the low taxes, no barriers to entry and no minimum wage for example I don't think that's the core problem with GDP desu
>>18080742It is a coping tool by white "people" to pretend their alienating, anti-human, Jewish societies are the best.>We wage harder therefore we da best
GDP is main meteic to determine credit rating whoch is the main metric to determine investment whoch is the main metric to run an economy which makes it a bit of a self sufficient theory. For a good GDP to be measured accounting practices need to be good, this also shows honesty so a shitty gdp is also sign of a corrupt economy. Where nothing gets recorded.
>>18081433gms!!!
>>18080742It's a minor gauge of an economy, but one that's been designated at the primary metric to quantitatively asses an economy. This was done out of sheer laziness by economists, and its because it's an easy way for politicians to gauge the status of the economy without actually having to do research and devote time to understanding the nuance of the market.
>>18080742Does anyone know a better measurement than GDP? It wont ever get implemented cause the world is fake and gay but it would be cool to know
>>18083641Big Mac Index. Or PPP if you need something formal.
>>18083641gdp ppp is a better measure for how people in the country are doing. but any measure can and will be gamed if it becomes the standard for success
>>18083655It meausres tourism. Gdp is worthless for measuring anything because usually food is a small share of gdp, housing is recorded in stupid ways (a mud hut has the same mass as a Jew house), and the majority of gdp in any economy is complete bullshit like clothing retail, interest payments, and government.
>>18080742GDP is inaccurate, India and China had a high historical GDP for example purely because they had a large population, it was mostly the value of the food eaten, the simple structures erected and homemade goods manufactured by peasants in their villages. Yet we have people claiming that India and China were economic superpowers while Europe was unproductive, even during the renaissance when Europe was dotted with windmills, early industries delving into modern science and engineering and was producing oceangoing ships sailing all over the world.
>>18083676That's because the population is fake and in reality the Indian population was far less. Europe was half the world in 1500 and your Wikipedia values vastly overstate the population of the rest. Spread of genetics boosted yields a lot and boosted the third world.
>>18083641The Soviet Union and other Eastern Bloc economies used NMP, or Net Material Product, as their chief measurement of national accounts. It's basically GDP excluding "non-productive" (borrowing from Marx, who borrowed from Adam Smith) service sector activity, with the difference of finished value added from the cost of production as the end calculation. Theoretically, it could just as well be applied to market economies, but it won't ever because the alt-GDP will show a drop of 80+% the moment it's implemented and people will find out they're poorer in real per capita terms than they were in the 1950s.
>>18080742You need to actually produce things to have resources to make an economy so yes GDP is important even if it’s not the most important thing. Dirt eating poverty is the worst thing you can possibly be stuck in outside of major debilitating illness
>>18083729America lost the gulf war. Failed basrah uprising too.Winning wars is the best gdp and this is why the based nations have low gdp. Countries that win wars are usually poorer than the loser. North Korea is poor because it lacks a port. Suezmax
>>18081433t. Brown pajeet that makes 3k a year
>>18083732America is dirt eating poverty, goyslop is everywhere wheres if you go to Ghana everyone is healthy and there are zero homeless people. Capitalism is literally retards.
It must be important because we are importing 500k Indians every year in Australia to keep it up. Tell me it's important
>>18080742GDP itself is not relevant, it does not cause anything, If you made two companies endlessly exchange billion coins a day your GDP would explode without meaningful economic activity. However it does reliably correlate with wealth and did so roughly over the past century.Historically GDP is only meaningful for modern, capitalistic, open market economies. You can stretch it to any country with mature capitalism, but once you get into economies where majority of labour goes into subsistence or modern socialist states..its meaningless.Its also becoming increasingly irrelevant nowadays with hyper-financialization, but thats another story.
>>18083676Those are Maddison Grant numbers. Thats not "real GDP", but guesstimate. You people need to be more skeptical with random numbers on the internet presented without methodology behind them.And Yes, most of it for China and India is literally assigning economic value to daily human subsistence and then multiplying it by number of people.
>>18084013He used spice revenue for Netherlands for the early gdp, then he used the reported gdp after. This is accurate because Europe was half the world population in 1500 and Wikipedia vastly overstates the rest of the world. Gdp really doesn't matter but it's important to his because they can't grasp the fact that captialism is completely pointless and humans struggle to exist over history is the sole event and has no result.
>>18080742GDP is literally the most important metric for measuring a country's economic power and standard of living. It's not "newfangled", you brainlet, the modern concept was developed in the fucking 1930s to get us out of the Great Depression. Every successful nation on Earth uses it because it fucking works. Without GDP growth you get no new jobs, no tax revenue for roads/armies/welfare, and your country becomes a poor shithole
>>18083662>LiberiaLmao proves you wrong
>>18084343>1930Goo goo gaa gaa>"Great" depressionKek>No jobs or activity without numbers on govt spreadsheet>The parasites couldn't feed themselves without hairbrained tax schemes based on the newfangled gobbledygook Nice troll post lol
