Talk:Gross Domestic Product/Draft: Difference between revisions
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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. | 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. | ||
[[User:Nick Gardner|Nick Gardner]] 00:58, 7 December 2007 (CST) | [[User:Nick Gardner|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. [[User:Stephen Saletta|Stephen Saletta]] 22:25, 9 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. [[User:Stephen Saletta|Stephen Saletta]] 22:25, 9 December 2007 (CST) | ||
Can someone do something with the mess on GDP deflator and either link to it or perhaps include the content here? --[[User:Martin Baldwin-Edwards|Martin Baldwin-Edwards]] 02:53, 5 December 2007 (CST) | Can someone do something with the mess on GDP deflator and either link to it or perhaps include the content here? --[[User:Martin Baldwin-Edwards|Martin Baldwin-Edwards]] 02:53, 5 December 2007 (CST) | ||
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:::*elaboration on "household accounts" | :::*elaboration on "household accounts" | ||
:::and I'd think it's ready for approval. [[User:Stephen Saletta|Stephen Saletta]] 22:25, 9 December 2007 (CST) | :::and I'd think it's ready for approval. [[User:Stephen Saletta|Stephen Saletta]] 22:25, 9 December 2007 (CST) | ||
Revision as of 22:30, 9 December 2007
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)
Can someone do something with the mess on GDP deflator and either link to it or perhaps include the content here? --Martin Baldwin-Edwards 02:53, 5 December 2007 (CST)
How about a new article titled "Price Index" that would include the GDP deflator (revised) and the various consumer-, producer- and commodity-price indexes, and that would explain the base- and chain-linking options? Nick Gardner 04:00, 5 December 2007 (CST)
- Yes, sounds good. WE have to make sure that all of these are interlinked. Maybe, I am not sure, but maybe the price index article could be a subpage of the GDP article. I think there should be a separate article on HDI, because it is rather more than GDP ! Martin Baldwin-Edwards
- I have added in the opening para something on per capita and a link to HDI. Martin Baldwin-Edwards 15:34, 7 December 2007 (CST)
- Yes, sounds good. WE have to make sure that all of these are interlinked. Maybe, I am not sure, but maybe the price index article could be a subpage of the GDP article. I think there should be a separate article on HDI, because it is rather more than GDP ! Martin Baldwin-Edwards
- I have put the briefest possible of references to the HDI, ISEW and GPI in the text but I have not shown links for the last two. Perhaps I should? (They all strike me as fruitless games played by academics and pressure groups, to which no policy maker ever gives a second thought. The whole idea of being able to measure policy success by a single number would seem to them to be ridiculous).
- I don't at present envisage adding much more, apart from two paragraphs on accuracy and reliability, one for GDP and one for GDP comparisons. Should there be anything else? Nick Gardner 09:40, 8 December 2007 (CST)
- Nick, I'd still like to see a little something on the history of the GDP; would make it a little more "encyclopedic". Also:
- ===Household accounts===
- Among the economic activities that are not recorded in the national accounts is unpaid production within a country’s households. It has been estimated that for Britain such production amounts to over 40 per cent of GDP[1]. That omission can in principle be corrected by constructing household accounts based upon "time use surveys" [2], and several countries are planning to publish "satellite accounts" for that purpose.
- What's a satellite account? Could you be more explicit about what a time use survey measures? (I realize this seems obvious but if you're talking about domestic work maybe spell out that you're talking about housework rather than than my unpaid CPA wife who does the books for my company.) Optionally, you might want to consider a sentence about the underground economy. Rather than accuracy and reliability I'ld rather see
- historical perspectice
- elaboration on "household accounts"
- and I'd think it's ready for approval. Stephen Saletta 22:25, 9 December 2007 (CST)
- Nick, I'd still like to see a little something on the history of the GDP; would make it a little more "encyclopedic". Also:
- I don't at present envisage adding much more, apart from two paragraphs on accuracy and reliability, one for GDP and one for GDP comparisons. Should there be anything else? Nick Gardner 09:40, 8 December 2007 (CST)