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GDP is the amount of value created by the economy in a year, and it is measured in USD so there is no unit error. A better comparison would he the Hour Record
by Chriky 9y ago
GDP is the amount of value created by the economy in a year, and it is measured in USD so there is no unit error.
A better comparison would he the Hour Record in Cycling (how far can you cycle in an hour). It's determined by speed, obviously, but the value is still a distance.
- graedus 9y agoThe unit error is in the comparison between USD/year (a rate) and USD (a value at a single point in time)
- Chriky 9y agoDo you think the Hour Record is measured in km or km/h?
- mtarnovan 9y agoIf you want a fair comparison, do GDP vs value produced by that investment fund in a year.
- Chriky 9y agoI'm not suggesting its anything other than a ridiculous and meaningless thing to write, I was just saying that both GDP and AUM are measured in the same units (USD). Apparently several people decided this fact was necessary to downvote ¯\_(ツ)_/¯
- Retric 9y agoNo GDP is in $/time. Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well. https://www.investopedia.com/terms/g/gdp.asp https://www.investopedia.com/terms/g/gdp.asp
- Bromskloss 9y agoAlternatively, give AUM/GDP, i.e. the time it would take for the accumulated GDP to equal the AUM.
- Retric 9y agodistance/h the per hour is implied when recording distances, however should the race not exactly record 1h the difference is not simply ignored. Another example, look a records when the physical pools are slightly off of regulation distances for 100m/200m etc. Record keepers in no way ignore those differences.
- jackmott 9y agoFULL PEDANT MODE they only measure the last incomplete lap really.
- mtarnovan 9y agoIt's obviously measured in km/h with h=1
- RhysU 9y agoI want joules of oil.
- bufferoverflow 9y agoAnd you can. Vegetable oil is around 33 MJ per liter. https://en.m.wikipedia.org/wiki/Energy_density https://en.m.wikipedia.org/wiki/Energy_density