NancyLebovitz comments on Open Thread June 2010, Part 3 - Less Wrong

6 Post author: Kevin 14 June 2010 06:14AM

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Comment author: NancyLebovitz 16 June 2010 08:54:25AM 5 points [-]

What isn't reflected in the GDP is huge.

There's the underground economy-- I've seen claims about the size of it, but how would you check them?

There's everything people do for each other without it going through the official economy.

And there's what people do for themselves-- every time you turn over in bed, you are presumably increasing value. If you needed paid help, it would be adding to the GDP.