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Much better. And largely unrelated to GNP.
by Colman (colman at eurotrib.com) on Mon Oct 31st, 2005 at 11:42:54 AM EST
[ Parent ]
You still need the GDP (both nominal and PPP) to give you an idea of how powerful the economy is internationally and domestically.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Mon Oct 31st, 2005 at 11:59:52 AM EST
[ Parent ]
Sure, in context. But it doesn't measure anything people care about except in a "go us!" team supporting sort of way.
by Colman (colman at eurotrib.com) on Mon Oct 31st, 2005 at 12:18:19 PM EST
[ Parent ]
It does tell you how much raw power your economy has, which is something to keep in mind when making economic policy decisions. It's is a measure of how much you can you can do. Whether you put that power to good or bad ends is another matter.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Mon Oct 31st, 2005 at 12:40:40 PM EST
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