2 ms·
Good. GDP should not include any of those things. Those are tools. GDP includes outputs and impacts. Maybe you design a wrench that is 1000x cheaper and faster
by light_hue_1 3y ago
Good. GDP should not include any of those things. Those are tools. GDP includes outputs and impacts.
Maybe you design a wrench that is 1000x cheaper and faster to use and more reliable. Well, if it makes your car building operation 0.0001% faster, that's the impact. The details of the wrench and how impressive it is are irrelevant to any observer.
If having your genome sequenced leads to far longer or better lives then we would see the impact in productivity. Same with everything else on the list.