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One of the flaws of GDP is that it is?
ignores transactions that do not take place in organized markets.
How does a GDP rise?
Since GDP is the total $ amount of financial transactions (buying and selling)... if you increase the number of transactions and/or the $ amount per transaction, GDP would increase. if the # of transactions in one year was 1,000,000,000 and the average $ amount per transaction was $1,000, GDP would be $1,000,000,000,000 or $1T. If the next year the # of transactions was 1,100,000,000 and the average $ amount per transaction was $1,000, GDP would be $1,100,000,000,000 or $1.1T or a 10% increase in GDP. I don't know how many transactions we had in the past year or how much the average $ amount was per transaction, but since GDP was about $14.5 trillion...it was a lot but not enough to grow GDP per capita to make people (buyers) and businesses confident enough to spend their cash or take on additional debt.
Why are only final goods counted in GDP?
The final goods is counted in GDP or gross domestic product so that double counting does not happen. GDP uses market value and transactions that have completed that day.
What is one of the major shortcomings of GDP as a measure of economic well-being?
excludes international transactions
Should the purely financial transactions be included in GDP calculations?
no. remember that GDP is a measure of the total market value of a country's output at a "given time period" .When making a Pure financial transaction no "current" production has taken place.The value of what is being exchanged was already counted as part of GDP at the time it was produced.Clear cases seen in buying stocks or Bonds,its simply swapping one assets for another.In short pure financial transactions are not included to prevent DOUBLE counting.
What happens to GDP If the illegal drug trade was legalized?
If the illegal drug trade was legalized, GDP could potentially increase as the production and sale of drugs would be included in official economic activities. Legalization could also lead to taxation of the industry, creating a new revenue stream for the government. Additionally, there could be savings in law enforcement and judicial costs associated with prosecuting illegal drug activities.
One of the flaws of GDP is that it is?
ignores transactions that do not take place in organized markets.
How does a GDP rise?
Since GDP is the total $ amount of financial transactions (buying and selling)... if you increase the number of transactions and/or the $ amount per transaction, GDP would increase. if the # of transactions in one year was 1,000,000,000 and the average $ amount per transaction was $1,000, GDP would be $1,000,000,000,000 or $1T. If the next year the # of transactions was 1,100,000,000 and the average $ amount per transaction was $1,000, GDP would be $1,100,000,000,000 or $1.1T or a 10% increase in GDP. I don't know how many transactions we had in the past year or how much the average $ amount was per transaction, but since GDP was about $14.5 trillion...it was a lot but not enough to grow GDP per capita to make people (buyers) and businesses confident enough to spend their cash or take on additional debt.
Why are only final goods counted in GDP?
The final goods is counted in GDP or gross domestic product so that double counting does not happen. GDP uses market value and transactions that have completed that day.
What is one of the major shortcomings of GDP as a measure of economic well-being?
excludes international transactions
What is non productive transaction?
There are two kinds of transactions which are excluded from GDP including non-production transfers and second hand sales. There are further three kinds of non-production transaction that are excluded from GDP and they include public transfer payment, private transfer payment and security transactions. All these transactions do not come under GDP calculations. Moreover, second hand sales may include selling the old equipment by an individual.
Illegal transaction records mafia?
There are several ways in getting Illegal transactions in Mafia Wars. You can check out this site for a full list.
Should the purely financial transactions be included in GDP calculations?
no. remember that GDP is a measure of the total market value of a country's output at a "given time period" .When making a Pure financial transaction no "current" production has taken place.The value of what is being exchanged was already counted as part of GDP at the time it was produced.Clear cases seen in buying stocks or Bonds,its simply swapping one assets for another.In short pure financial transactions are not included to prevent DOUBLE counting.
Where do you find set of illegal transaction records in Mafia Wars?
There are several ways in getting Illegal transactions in Mafia Wars. You can check out this site for a full list.
What part of speech is omit?
The word omitting is a verb. It is the present participle of omit.
What are three limitations of using GDP as a measure of the nations economy?
GDP only counts goods and services that pass through markets. The GDP fails to measure or express changes in a nation's income distribution, quality of life, unpaid labor, intangible valuables, real savings, standard of living, uneven inflationary price changes, and transactions on the blackmarket.
How do you get illegal transactions records in Mafia Wars?
Capo Job under the Steal Bank Records in new york
