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Julius
Joined: 27 Jul 2006
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 Posted: Tue Apr 09, 2013 7:41 am Post subject: The World's Fastest Growing Economies 2013 |
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well well, Ulaan Bataar must be an interesting place to be right now. Maybe they'll even float their currency.
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le-paul
Joined: 07 Apr 2009
Location: dans la chambre
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| Posted: Tue Apr 09, 2013 7:03 pm Post subject: |
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im not an expert at economics (infact ive never been interested in the subject enough to learn about it) but i though when calculating gdp, how much people are using hospital services etc. was taken into account?
so if gdp is high, it could also suggest that people from that country have a lot of sickness, not necessarily that their economy is getting stronger? |
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Deja
Joined: 18 Mar 2011
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| Posted: Wed Apr 10, 2013 4:24 am Post subject: |
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By that same logic, since buying old useless TV sets is taken into GDP, then a rising GDP would mean more useless TV sets are being bought 
One may influence the other, but it is not a direct mutual influence and corelation  |
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bucheon bum
Joined: 16 Jan 2003
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| Posted: Wed Apr 10, 2013 6:22 am Post subject: |
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| le-paul wrote: |
im not an expert at economics (infact ive never been interested in the subject enough to learn about it) but i though when calculating gdp, how much people are using hospital services etc. was taken into account?
so if gdp is high, it could also suggest that people from that country have a lot of sickness, not necessarily that their economy is getting stronger? |
Assuming they're paying for thoser services, yes, it would be a part of GDP. But no it does not suggest that people from that country have a lot of sickness since one needs money to pay for those services. Countries with the worst health statistics generally also have low GDPs since a) they can't pay for health services b) have fewer productive workers due to illness and sickness. |
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