If I buy and sell the same chocolate bar a trillion times, would the gdp increase by a trillion?
That's how it works, right?
If I buy and sell the same chocolate bar a trillion times, would the gdp increase by a trillion?
Tyler Bennett
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John White
Yes, the increase in GDP would result from the increase in the velocity of money..
Brandon Reyes
This is big part of why Keynesians are crazy, btw.
Jayden Martinez
No, its only counted once. On the other hand if you break a window and hire someone to fix it, then do this over and over again itll increase gdp over and over again.
Michael Phillips
The economy seems to be mainly based on cucks selling coffee to faggots. Our GDP figure includes "sex work" and an estimate for the sale of illegal drugs, so it seems anything goes.
Lincoln Reed
Why once? Because its the same unaltered product? What if I take tiny bites from it each time?
Leo Price
Thats not how any of this works.
Cooper Smith
Yeah only final sale from producer to consume counts. If you take bites itll depreciate the value but its still selling a used good which does not count in gdp.
Ethan Moore
Then explain to me why it is wrong.
Colton Nguyen
But if I buy a chocolate bar, cut it in half, sell each half for more than half the price of the original bar, because I add cutting fee, then each half is further cut in half, sold and this process is repeated arbitrarily long?
Isaac Brown
There will eventually come a time when you have trouble finding a buyer.
Josiah Nguyen
GDP only truly grows when you take natural resources, turn it into a consumable good, and sell that newly produced good.
Bentley Carter
That's quite funny. Can you source me for future reference?
Have photo of cliche American meal for your trouble. :3
Mason Cooper
theguardian.com
The message from this is that GDP is an arbitrary figure which is manipulated to suit whatever end benefits the government of the day, and it is not be trusted in any discussion about the real economy.
Jace Harris
Only final sale. In this case when you bought the chocolate bar it counted as an intermediate good which does not count in gdp.
Luis Rivera
M V = Y P implies each good is sold only once. Velocity of money is about how many times money has to circulate to purchase all final goods. The equation also has nothing to do with how gdp is calculated.
Jace Carter
Adrian Ross
Why is Jow Forums so ignorant about GDP accounting?
Austin Johnson
According toSex aka resellable candy bar is towards gdp
Andrew Jenkins
But most of the economy is services
Nathan King
He's using the word "final goods" broadly to encompass services, retard.
Austin King
ABOSOLUTE BURGER TRASH .
Ethan Gonzalez
you cannot sell something to yourself, unless you pay to create a holding company.
Christopher Garcia
Partly yes. Just understand that GDP is quantitative not qualitative. This is the main problem.
Thomas King
Sex is a service. You cant eat the chocolate bar an infinite amount of times but you can provide sexual pleasure many times.
Right but each time a service is provided it counts as a good. Its not the same as a consumer good which disappears after use. A chocolate only provides utility once, whereas a service provides utility every time the labour is expended.
GDP is a meme though, and (((services))) are a big part of why. Most of GDP is in services and most of that is banking.
Henry Cook
Petrol is for car not sniffing, Nate.
Gavin Ramirez
if two gay prostitutes each paid each other $100 a bj every day then it would count because it's services?
Mason Ramirez
Aiden Jenkins
i wonder what the GDP is at your house.
Hunter Sanders
I have no idea why Jow Forums hate Keynesians so much. The way people on Jow Forums think about the economy is much more closer to Keynesian than neoclassical.
Jayden Wood
yeah dude we just pass the same dollar and chocolate bar back and for and the gdp goes up
t. (((Economists)))
Samuel Campbell
You must have failed Econ 101.
Dylan Morales
GDP is a measure of the sale of final goods not intermediate goods so the GDP wouldn't change at all
Jayden Jenkins
i wonder if thats how the derivative market works.
Samuel Bennett
yup
Jacob Flores
>when the useful idiot thinks hes self aware but nah
imagine being so fucking stupid that you think your program being stuck in an if/then loop is your program being in charge
Henry Peterson
what if it's a rare chocolate bar from nazi germany that hitler touched once and no one ever eats it and it keeps selling for more and more shekels?
Blake Phillips
>if/then loop
Jose Long
The price of the chocolate bar would be added once to the GDP in the year is was produced. Increases in asset prices aren't included in GDP. This is all explained in Econ 101.
Gabriel Lee
or you could sum the value added for each time the bar was purchased from each buyer
Aiden Stewart
Only the first time after it's discovery would count in GDP i think.
Adam Walker
so thats why we keep our soldiers stationed in Afghanistan. To keep pimping our GDPs.