4 ms·
> GDP isn't income at all, they're completely different metrics. Not exactly, according to the OECD. https://stats.oecd.org/glossary/detail.asp?ID=1163 https:
by EdwardDiego 4y ago
> GDP isn't income at all, they're completely different metrics.
Not exactly, according to the OECD.
https://stats.oecd.org/glossary/detail.asp?ID=1163 https://stats.oecd.org/glossary/detail.asp?ID=1163
> Gross domestic product is an aggregate measure of production equal to the sum of the gross values ... or the sum of primary incomes distributed by resident producer units.
I guess it's more nuanced, but I don't have a PhD in economics like the author.
- shric 4y ago> I guess it's more nuanced, but I don't have a PhD in economics like the author. English is funny. I knew exactly what you meant and I'm not saying it's wrong, but it would be read completely the opposite if you had said: I guess it's more nuanced but, like the author, I don't have an PhD in economics.
- sdenton4 4y agoPer the 'about' page, the author of the blog post does in fact have a PhD in economics.
- shric 4y agoYes, that's why I said "I knew exactly what you meant and I'm not saying it's wrong"
- cornstalks 4y agoI think shric was just remarking that English is funny because you can take the exact same words of a sentence and rearrange them a bit so it means the opposite.
- naniwaduni 4y agoMost sentences can be rearranged to mean the converse. This is cross-linguistically pretty common, depending on which atoms you choose to rearrange. Most sentences can be negated with at most a couple of word changes. This is cross-linguistically about as universal and anything in linguistics is, again depending on which atoms you choose as "words". English isn't funny, humans are funny, building all sorts of redundancy into their languages, but then reversing polarity on a dime.
- EdwardDiego 4y agoNot sure how you'd rearrange the same sentence in German to reach the negation without having to change cases and grammatical roles.
- michaelgrafl 4y agoKomm, wir essen, Opa. Komm, wir essen Opa.
- renewiltord 4y agoSounds like a characteristic of nearly any language with positional negation. P => !Q Can be rearranged to mean so many weird things.
- deleted 4y ago[deleted]
- nine_k 4y agoGDP is a measure of all exchanged values. Income is a measure of retained value after all exchanges have had place. If I buy a truckload of ice cream for $1000, sell it for $2000, and pay the trucker $200, the GDP is increased by $1000 + $2000 + $200 = $3200, while my income is merely $1000, and the trucker's, $200. Our profits are even lower; mine is $800, and the trucker's is $200 minus fuel costs and road tolls.
- oli5679 4y agoGdp in your case is $2000, and so is aggregate net income if you account for the person who put the ice-cream in the truck.