[Marxism] Concept of GDP
masood_nawaz at yahoo.com
Tue Dec 14 08:10:45 MST 2004
--- Jurriaan Bendien <andromeda246 at hetnet.nl> wrote:
> In reply to questions by Charles:
> Gross Domestic Product is a measure of the value of
> net output of resident
> producing enterprises.
What I understand measurement of GDP includes only
traded items. Work done in kind is not included in
it.e.g. IF a person does cleaning of his home it will
not be included in GDP but he pays someone to do the
same work it will be included.
Am I right?
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