Comment by rightbyte
2 years ago
"We earned 100$ each!"?
"We earned 60$ each and owe the state 40$!"
Or do you have a better suggestion? I will retell this story so please share.
2 years ago
"We earned 100$ each!"?
"We earned 60$ each and owe the state 40$!"
Or do you have a better suggestion? I will retell this story so please share.
The first economist picks the shit from the ground and sells it to somebody with a box for 25$, which delivers it to another person for 50$, which wraps it in a film and sells it to another person for 75$, which finally hands it to the second economist for 100$. GDP 250$. Add more links to the supply chain as you please.
GDP is estimated on a value added basis to avoid complex supply chains being worth more than the final sale price, FWIW.
It's one of the reasons it's so easy to screw up the estimates when companies have bigger inventories than usual...