Re: isi

Posted by anon_econ on May 11, 2012; 7:44am
URL: http://discussion-forum.276.s1.nabble.com/isi-tp7542957p7549544.html

aditi, i am in the process of getting convinced :P
but tell me 1 thing. u said : gdp is the value of current production - in this economy, not only has consumption not occurred but on top of that residents have spent money (which could have been spent domestically) on foreign goods so our gdp becomes -ve.

gdp is the value of current prodn-cool.
in the next sentence u r measuring gdp as current consumption according to me. dont u think so?