True, just look at several of the ways GDP is calculated, all of which involve a recorded financial transaction.
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False: Implied rent of real-property owners.
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Things that break and you have to buy replacements for do count toward the GDP!
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True. This is the main reason why personal housework doesn't count, but hiring a maid does. Repairing your car doesn't, but buying the motor oil does. If you can mediate it via money, you can tax it. Thus the push to moneyize everything.
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But in doing housework or repair your car, you use skills and tools that you probably got in the financial economy. Even something as apparently outside-the-economy as picking wild mushrooms probably utilizes information you got off the internet using the GDP-ed skill of literacy
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short term: true long term: false (it can also *decrease* GDP though)
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True: GDP is a brittle financial formalism False: GDP is the best indicator of prosperity
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False: if you think of GDP as a measure of productivity (you ‘do’ing work is also productivity). It is rather more qualitative and less quantitative!
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Stupid cage
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