- NEW!
by Andrew Cotterell on March 30th, 2006
The other answer is correct in spirit but it perpetuates the (very common) misunderstanding that Gross Domestic Product is based on "products produced". In fact, GDP is a measure based on the entire economic activity of a nation, regardless of purpose. This means that, for example, a country whose factories dump pollutants into the water supply will have a high GDP compared to a nation whose factories are clean, since the cost of cleaning up is counted as additional economic activity.
Whether or not this makes GDP an appropriate comparative measure depends very much on your point of view.
What is the group of people who spread their language and culture through Africa?
by Answerbag Staff on May 12th, 2011
| 1 person likes this
What is the title of the national anthem of Turkey?
by Answerbag Staff on May 11th, 2011
| 1 person likes this
Which country's flag has a crescent moon&a star on a red background?
by Answerbag Staff on May 8th, 2011
| 1 person likes this
If someone wanted to charge you 300$ and someone else charged you 75$ isn't the 75$ a much better deal?
by trueservantminn on February 2nd, 2012
| 1 person likes this
What would be your reaction if your sister or mother showed her body to all men in the world?would you call it freedom?
by New Elian on January 30th, 2012
| 2 people like this
You're reading Is there a ranking of the richest countries in the world today?
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Comments