Sunday, December 18, 2016

Contrived GDP

             
If your country’s Gross Domestic Product or GDP is not high enough, and you are allowed to openly manipulate the statistics, just play around with the necessary numbers to make up what you need.
                       
In France, they have felt in the recent past, they could improve their GDP in relation to other major countries. How? They contemplated this by adding in “leisure” economic factors. Thus they would add industries that represent leisure and not conventional productive factors used by other major nations.
                       
Of course, they will not be fooling anyone because the numbers represented would not reflect productive items of meaningful content or intent.
                       
You cannot hide the fact that a nation with almost universal retirement at age 60 or less, and so much vacation time, cannot be productive. (See the Earl J. Weinreb
NewsHole® comments and @BusinessNewshole at Twitter.)

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