Thursday, December 23, 2010

Limitations with caculating GDP

Post 12

            Limitations with GDP and how it is calculated is by many factors that show a positive transactions and negative. Black market transactions, Bartering , and volunteering are not included when calculating GDP. Crime, economic disasters, and divorce are treated as an economic gain. A disaster like an oil spill is caculated as a GDP gain. These factors mess the actual GDP caculations of the nation and leads to different numbers.

-From Jay Hanson,

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