Talk:Gross Domestic Product/Archive 1

What is going on with this section?

underestimate the value of technological improvements such as increases in computing power. It is thus an incomplete guide to a country’s prosperity - and it is even less useful as a guide to well-being because of its exclusion of such matters as the levels of health, education, and security. The study of the meaning and justification of beliefs about the most general, or universal, aspects of things.

What's that last sentence doing in there? Epistemology?

It also seems like this argument is both completely valid and might be better located in an article on inflation.

Also, I'm working on a graph with GDP figures for a few big countries. Stephen Saletta 23:55, 6 December 2007 (CST)

I plan to return to complete this article when I have dealt with the index number question. I will remove the sentence you have quoted: since you thought it was about inflation, you have misunderstood it - and others will. That philosophy bit got there by accident.

If your graph brings out the danger of making GDP comparisons at nominal exchange rates, it will help to support the text. Otherwise, I'm not sure what purpose it would serve. Nick Gardner 00:58, 7 December 2007 (CST)

Graphics make things pretty. I like your idea but it will take a little more work... maybe I'll get to it in the future. Stephen Saletta 22:25, 9 December 2007 (CST)

Since nothing seems to have been added since May, I have taken the liberty of expanding somewhat on the definition then provided. What now remains might perhaps serve either as a stub, or as the opening of a full article? Nick Gardner 10:40, 4 December 2007 (CST)

Maybe a section on the history of the GDP, links to GDP figures from large countries? Difference between GDP and GNP? Stephen Saletta 12:19, 4 December 2007 (CST)

Thank you for your interest, Stephen. I have done as you suggest, and spelled out the detail on GNP and NI (I had left them out for fear of reaching readers' boredom thresholds, but you are right, someone was bound to ask). I had it in mind to say something about PPP and the other problems of making international comparisons - with, as you suggest, some examples. Also something about the BEA's use of hedonic price indexes and something very brief about HDI, GPI and the rest. And I think there should be a paragraph about estimating errors and uncertainties. And links to material about the compiling of GDP estimates that is available at the BEA and other websites. Can you (or anyone) think of anything else that should be included? Nick Gardner 03:00, 5 December 2007 (CST)

Article title

I've just noticed that the article title should be all in caps, as this is abbreviated to GDP. I will move it later, when nobody seems to be working on it. --Martin Baldwin-Edwards 05:15, 8 December 2007 (CST) DONE Martin Baldwin-Edwards 06:20, 8 December 2007 (CST)