Word of the Day: Gross Domestic Product (GDP)
Economy | Information | History | Online | Facts | World | Global | Money
GDP is defined as the monetary value of all the finished goods and services produced within a country's borders in a specific time period. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory. So GDP then is really just a measure of economic activity within a nation's own borders. But what does that really tell us about the health of an economy? After all, GDP was growing up until the financial crisis of 2008 (it first contracted in the 3rd quarter of 2008). Well, this is because although GDP can tell us plenty about the extent of economic activity, it tells us absolutely nothing about the quality of that activity, and thus the sustainability of that very growth. The housing bubble, after all, was great for home builders, banks and retailers, but it turned out to be a really bad investment for the economy that blew up as a global financial crisis after only a few good years of partying on cheap credit. To Watch full episode of Capital Account with Lauren Lyster check out http://www.youtube.com/capitalaccount Follow Lauren on Twitter: https://twitter.com/laurenlyster
Comments
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@WGutjens thanks man
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@WGutjens no problem. this is the funny thing about law. words we use every day have a different meaning in law. Domestic has a different meaning. Person has a different meaning. Nation, border, child, driver etc. Using the wrong words in a court room could very well send you down the river. Thanks for responding. Keep on keeping on!
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@Y0UT00B3R1 English and legalese are not the same language. Check out the word Person for an example.
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The fact that the GDP includes investment numbers drastically skews the value of GDP as a measure of economic wealth.
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@YouBeMadlol I would say that too if I was a stupid cunt who had no arguement.
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Lauren, I hope you will continue your theme of dispelling the idea that all growth is good growth. I hope you will start to point out that the world economy can't grow indefinitely, that we need to find a new way of living before we consume ourselves out of existence.
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@YouBeMadlol Oh look. that pussy that I pwned last night is back to cry and whinge. what a whinger. Did you learn all of that in Fact 101? Better read your text book called Insults 101 so you can reply to this comment and Ill read up on "how to fuck your mother again 101"
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They should divide GDP by the population to get the RDP (Real Domestic Product)
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What kind of 'tard doesn't know GDP??
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@YouBeMadlol You were throwing insults then. You are throwing insults now. So remember what you learnt in phsychology 101 about people throwing insults.....God I fucking hate it when I have to explain to dumb cunts about their own theories. Why don't you just do one. No-one asked you to reply to other peoples conversations. When you do reply and someone shows you how stupid you are you cry like a fucking baby. OMFG. what a gayer.
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@XXTheRealMcCoyXX Ya.. Like she said , the Housing sector growth before 2008 which contributed to GDP increase
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Lovely reporter. :)
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Oh baby you look gud in red unnnnnnmmmmmmmmmmm ummmmmmmmmmmmmummmmmmm the things the things I wanna do to you
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@YouBeMadlol Psychology 101 tells us that although insults are a form of immaturity and insecurity it also tells us that those delving into this area are looking for excuses as to why they are one of life’s under achievers. <---- I think this applies to your last comment. lmfao I love it when people self PWN themselves. what a douche. bye douche. bahahaha.
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@WGutjens Ok. so what would it mean to be "non domestic"? Is this assuming that borders are "legal fiction"? What affect would it have on jurisdiction?
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Illuminati bitch see 1:52
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@T0B0KKE I forgive you. I knew you would see it my way in the end.
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@YouBeMadlol Psychology 101 tells you.....oh ok then. that's proof then. Weapons of Mass Destruction are in Iraq because Politics 101 told me.... what a nob.
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@troglodyte3344 I meant: "you shouldn't be afraid of Portugal sinking the rest of U.E."
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@troglodyte3344 Well then good for you. You're prepared more than many others for a possible collapse of the economy, you should be afraid of Portugal sinking the rest of the European Union. I wish you the best luck and happiness in life, and hope you change your views about my country. You probably never been here, if you did you would have other opinion, but it's fine by me. Not everyone has to like PT. Have a good life, for you and your family, and sorry for calling you troll.
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