Quote:
Originally Posted by Pomoxis
GDP has nothing to do with unemployment, jobs, or anything else that really matters to most of us. IF we still had most manufacturing in OUR OWN country it MIGHT lead to jobs down the road. Since we've exported or outsourced the majority of it we're just screwed.
Washington just doesn't have a clue what it takes to correct a capitalist system of economics. Even the educated pointy heads don't seem to understand. Everyone wants to make it sound more complex that it really is.
The hardest part about understanding capitalism; The realization that it really is just as simple as you think it is.
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Webster says different from you.
The gross domestic product (GDP) or gross domestic income (GDI) is a basic measure of a country's economic performance. It is the market value of all final goods and services made within the borders of a country in a year.