>> I didn’t buy that formula when I majored in Economics (1980 grad) and I don’t buy it today <<
If you want to reject the way every major government, every major international economic institution and every recognized national income expert defines the basic components of GDP, GNP and related measures, then go ahead. It’s a free country.
If you want to reject the way every major MEDIA EXPERT, every major POLITICAL THINK TANK and every recognized national POLITICAL EXPERT defines the basic components of ELECTABILITY, HOW POLITICAL CAMPAIGNS RUN and related measures, then go ahead. It’s a free country.
I was right then too . . .