Re:Wind energy used to mine cryptocurrency to fund climate r...
by dragonwriter on Saturday September 16, 2017 @10:33PM
(#15267949)
> Take for example how the GDP is measured: the total value of 'everything produced and sold' PLUS government spending.
That's incorrect; GDP is the total cost of everything produced and sold. Government spending isn't added (if it was, there'd be a substantial double counting, because a lot of things produced and sold are bought by government.)
(More precisely, it's private consumption + private investment + government spending + government investment + exports - imports.)
That's incorrect; GDP is the total cost of everything produced and sold. Government spending isn't added (if it was, there'd be a substantial double counting, because a lot of things produced and sold are bought by government.)
(More precisely, it's private consumption + private investment + government spending + government investment + exports - imports.)