Unemployment

[NAKID]

Expand your horizons Joel, Centers for Disease Control....

[cyrus buelton]

I've never got a piece of that

[Grampa]

I've never got a piece of that

beer or diseases?

[Grampa]

Expand your horizons Joel, Centers for Disease Control....

sorry.... the "for" threw me

[slowpoke13]

I'm no Economist (But, do they contribute to the GDP?). And, the only reference I feel like looking up is Wiki (cause I hate economics). But, from what a quick review showed, Govvy spending and Govvy consumption are both covered under the GDP.

Reference:
http://en.wikipedia.org/wiki/Gross_domestic_product

[cyrus buelton]

I'm no Economist (But, do they contribute to the GDP?). And, the only reference I feel like looking up is Wiki (cause I hate economics). But, from what a quick review showed, Govvy spending and Govvy consumption are both covered under the GDP.

Reference:
http://en.wikipedia.org/wiki/Gross_domestic_product

I stand corrected.

Defense is considered a portion of the GDP under "government spending"

[Howie]

Any reputable source will define GDP as all goods and services in the country, including government and foreign owned.

[slowpoke13]

Dude, did you just say Wiki is a "reputable source?"

[cyrus buelton]

Dude, did you just say Wiki is a "reputable source?"

The definition of GDP is correct, been too long since college that I remembered the parameters of GDP

[swampduc]

Any reputable source will define GDP as all goods and services in the country, including government and foreign owned.

Yeah, and even if it wasn't part of the formal definition, I'd say the president and CIA indirectly enable the rest of us to contribute to GDP, as do the members of the military. And God knows they're not unemployed.

And wiki is about as far as I'll  go for research on this too 

[Grampa]

The definition of GDP is correct, been too long since college that I remembered the parameters of GDP

in California... they tried to ban GDPs

[swampduc]

in California... they tried to ban GDPs

I thought they successfully had.

[Grampa]

I thought they successfully had.

you just cant get married

[redxblack]

I'm a gov't employee (teacher) and contribute to GDP not only in spending of the local community, but also in investment in human capital (another part of GDP). I'm also a grad student, so I'm contributing there in both aspects as well.

If the US Army was not part of the GDP (it is), but Blackwater did the exact same services and would clearly count, then you would have an inaccurate aggregate.

By definition, not abstraction, the president and CIA would count as GDP. Their services are part of the aggregate economy.

You might have GDP mixed up with Industrial Output. That's a measure that isn't really used anymore because the private/public line has been blurred significantly from everything ranging from sports stadiums to charter schools.

[TiAvenger]

make the beast with two backs it........


all ur tax monies are belong to us. 

-a welfare government employee