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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (135940)	4/6/2001 2:36:20 PM
From: TimF	Read Replies (1) \| Respond to of 1572446

These numbers are an example of how the data you provided re GDP does not necessarily provide a true picture of this country's quality of life and its standing in the world. First, the comparisons are based on the dollar, the strongest currency in the world currently. The comparison is more in the US's favor if you adjust for what the money can actually buy then if you just use current exchange rates. Secondly, the a GDP per capita does not define how the money is spent. For an example, a star wars may make the paranoid sleep better at nite but does not necessarily improve one's quality of life. If you subtract all star wars spending, or even all military spending, or even double all military spending from our GDP, we still have a higher per capita GDP then most European countries. I do recognize that GDP per capita is not the only criteria for "quality of life". But it seems to be a fairly reliable indicator that America is richer then Europe. When dealing with other aspects of quality of life besides money it becomes more subjective. Tim