Wonderful summary of the publicity column of the machinery factory "2 different theories of studying GDP and looking at modern society and economy"

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Wonderful summary of the publicity column of the machinery factory "2 different theories of studying GDP and looking at modern society and economy"

Machinery PlantRegarding today’s new news (the development of Japan’s GDP1), I am interested in searching for relevant knowledge on the Internet, learning about GDP, and making a brief summary in the company’s bulletin board, focusing on examples: the famous economist Mankiw in "The Principles of Economics" "Quoted Robert Kennedy's violent criticism of GDP (gross domestic product) when he was running for president in 1968:

  "GDP does not take into account the health of our children, the quality of their education, or the joy of their games. It also does not include the beauty of our poetry or the stability of marriage..."

  In response to this passage, Mankiw made the same wonderful comment: “GDP does not measure the health of our children, but countries with high GDP can afford better health care for children. GDP does not measure the quality of children’s education, but GDP Countries with high GDP can afford better education systems. GDP does not measure the beauty of our poetry, but countries with high GDP can educate more citizens to read and appreciate poetry."

  TheoreticallyGDP is statistically irreplaceable.Development is not equal to growth, but development is based on growth. GDP is not, but it can’t do without GDP.
China's GDP is stronger than most countries in the world, and China is very entrusted to do it both in theory and in practice. This is the first condition for rapid development of the country!As an entity in ChinaCoupling manufacturersBe proud of yourself, and work harder!