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To: dennisw

I agree here that much of what Americans and Europeans call their GDP is fluff. Our service sector is very fluff ridden. In the US, we have a 100 million dollar lawsuit that one side wins. This 100 million is counted in our GDP? I know that the labor and billing by the two opposing sides of lawyers teams will be.


6 posted on 08/07/2022 10:14:03 AM PDT by dennisw
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To: dennisw

Transfer payments are not counted as part of GDP, the market value of all final goods and services produced within a county during a specific time. You are correct the labor services etc by the law firms involved is counted.


16 posted on 08/07/2022 10:32:29 AM PDT by Maine Mariner
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