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To: Skeeter Bug who wrote (129442)	8/1/2001 1:17:41 PM
From: GST	Read Replies (1) \| Respond to of 164684

SB: Ok -- so the thinking on AG's part is that this is an "information economy" and hence productivity needs to be measured in new ways. Why not page views :) I want to think about this some more. Thanks.

To: Skeeter Bug who wrote (129442)	8/1/2001 1:50:15 PM
From: Dave	Read Replies (1) \| Respond to of 164684

gst, processor aand memory speed, yes. keep in mind that the weight given is based on someone's personal opinion (this is subjective - almost everyone would devise a different system of weightings if given the task of doing this). I supppose this technique would be somewhat effective if applied honestly. But to do so, you would have to factor in the rising inefficiency of operating systems and application software that relies on shadowed window compositing (which requires lots of memory and processor cycles), virtual memory (which eats up processor cycles and hard disk space), etc. etc. I really doubt that the hedonic pricing algorithms consider such negative factors. If they did, it would be a hoot to see some data on how much more expensive Microsoft products have become, hedonically speaking, introduced at the antitrust trial! Dave

To: Skeeter Bug who wrote (129442)	8/2/2001 12:24:46 AM
From: GraceZ	Read Replies (2) \| Respond to of 164684

I can't believe you are still spouting this nonsense. For those people who really want to understand what "real" vs. "nominal" GDP is please visit this site and follow along the next five or six lessons in the tutorial. It explains quite clearly what the "chain index" and "chained dollars" really are and how it adjusts the GDP. william-king.www.drexel.edu I just have one question for you SB, don't answer me, answer your fans here. If the adjustments using chain index are used to subjectively raise the GDP how come the "real" GDP which uses the chain index shows a lower rate of growth than the nominal GDP which doesn't use it? BTW the chain index works both ways. If I sell an item in 1999 for $200 and sell the same exact item in 2000 for $400 they average the two prices, which means they use $300 in the GDP measurement for 2000. But I guess that doesn't fit your agenda to point out that part.