GDP accurately reflect our nation's productivity
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Does GDP accurately reflect our nation's productivity? Why or why not?
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This discusses whether the GDP accurately reflect our nation's productivity.
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The GDP is Gross Domestic Product. Gross Domestic Product (GDP) is the total value of final goods and services produced within a country's borders in a year. GDP counts income according to where it is earned rather than who owns the factors of production.
Other measures can be:
Gross National Income comprises the total value of goods and services produced within a country (i.e. its Gross Domestic Product), together with its income received from other countries (notably interest and dividends), less similar payments made to other countries. For example, if a British-owned company operating in another country sends ...
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