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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: jttmab who wrote (51235)	6/28/2005 10:08:43 AM
From: bearshark	Read Replies (1) \| Respond to of 173976

>>>I'd like your opinion on GDP as an economic indicator. I'm beginning to think that is a good indicator when you're talking about a country with an industrial base that's growing with the GDP. The less a country has an industrial base, the more the GDP is measuring the movement of money, i.e., a shell game. Which isn't necessarily a measure of economic health.<<< At first blush, that makes sense to me. I'll think about it today but I have to do something useful now--at least in my mind. I'm thinking of a nasty surprise for you. It would result in the gnashing of your teeth. If you have a tooth guard--for those who gnash them at night--give me a time when you will wear it and I will post the nasty item at that time. I wouldn't want you to end up as a gummer.

To: jttmab who wrote (51235)	6/29/2005 8:32:35 AM
From: bearshark	Read Replies (1) \| Respond to of 173976

>>>I'd like your opinion on GDP as an economic indicator. I'm beginning to think that is a good indicator when you're talking about a country with an industrial base that's growing with the GDP.<<< I looked at the GDP and its components for a bit last night at the Bureau of Economic Analysis (BEA) site. I tried to add a link here to the specific file but I could not get it to work. Anyway, GDP is basically (personal consumption of goods and services) + (domestic investment) + (government spending) + (exports-imports). I've never played with this before but I thought it was interesting how we get to GDP. The BEA site mentions the estimates for exports and imports are a little shaky. Services are included in at least 2 of the major components I mentioned above. However, most is in personal consumption. I was trying to determine what items BEA includes under services. The BEA site was confusing and I did not find it. How would you classify commercial software purchased in a box at a retailer--good or service? I would add it under service without knowing what BEA does. How would you classify software developed specifically for an end user under a service agreement--good or service? I would add it under service without knowing what BEA does. How would you classify a settlement attorney's effort on a home sale--good or service? I would add it under service without knowing what BEA does. (Will you take the bait?) I think to move towards answering your question we would have (1) to determine if BEA includes these as services or not and (2) to determine if we agree with BEA. What do you think?