Question
What is a good response to the Information below? Opinion.. One production item that the typical measure of GDP might miss is the value of
What is a good response to the Information below?
Opinion..
One production item that the typical measure of GDP might miss is the value of a country's natural capital and ecosystems (Ex: natural resources). GDP also does not capture the value-added Underground and illegal activities. One last thing GDP does not measure is growth. As a result, it cannot reflect inequality
I believe these missing items should concern us.Things like distribution of the benefits of growth are very important, if a country grows but living behind a large population then it is not good. Underground and illegal deals are not shown on GDP which is worrying considering they may make up 10% or more of America's economy and maybe more than that in low-income countries.
If the contents of the garden are used for one's own purpose, then it will not be considered as apart of GDP but if the owner sells them in the market then they should be counted in the GDP. No, I don't think it's possible in this situation to have the contents of the garden counted and not counted into the GDP.
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