GDP has descended from the throne

Author: Liu Wei
Publisher:
Publish Date: 2006-01-01
Features: Although GDP and national accounting may seem somewhat mysterious, they are indeed one of the greatest inventions of the 20th century. Like a satellite probing the Earth's climate, GDP paints a comprehensive picture of the state of economic operation. GDP! A rational concept capable of meticulously measuring the output of the national economy. An in-depth understanding of social activities is essential, and GDP occupies the central position within this system. This innovation made significant contributions to improving the economic performance of the second half of the 20th century. GDP is a crucial statistical indicator for understanding the overall economic operation. One of the important but unremarkable contributions of national accounting is bringing order to what was once a chaotic world. GNP does not reflect our physical health, nor does it indicate the quality of social education; it does not represent the elegance of literary talent, nor does it the harmony of family life; it does not prove the wisdom of debate, nor does it show the integrity of government. It does not measure our courage, nor does it reflect our contribution to the nation.