Talk:Gross Domestic Product/Draft

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Revision as of 04:00, 5 December 2007 by imported>Nick Gardner
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 Definition:  Gross Domestic Product (GDP) is a total of the outputs recorded in a country’s national income accounts. [d] [e]
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 Workgroup category:  Economics [Categories OK]
 Talk Archive:  1  English language variant:  British English

Since nothing seems to have been added since May, I have taken the liberty of expanding somewhat on the definition then provided. What now remains might perhaps serve either as a stub, or as the opening of a full article? Nick Gardner 10:40, 4 December 2007 (CST)

Maybe a section on the history of the GDP, links to GDP figures from large countries? Difference between GDP and GNP? Stephen Saletta 12:19, 4 December 2007 (CST)

Thank you for your interest, Stephen. I have done as you suggest, and spelled out the detail on GNP and NI (I had left them out for fear of reaching readers' boredom thresholds, but you are right, someone was bound to ask). I had it in mind to say something about PPP and the other problems of making international comparisons - with, as you suggest, some examples. Also something about the BEA's use of hedonic price indexes and something very brief about HDI, GPI and the rest. And I think there should be a paragraph about estimating errors and uncertainties. And links to material about the compiling of GDP estimates that is available at the BEA and other websites. Can you (or anyone) think of anything else that should be included? Nick Gardner 03:00, 5 December 2007 (CST)


Can someone do something with the mess on GDP deflator and either link to it or perhaps include the content here? --Martin Baldwin-Edwards 02:53, 5 December 2007 (CST)

How about a new article titled "Price Index" that would include the GDP deflator (revised) and the various consumer-, producer- and commodity-price indexes, and that would explain the base- and chain-linking options? Nick Gardner 04:00, 5 December 2007 (CST)

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