Gross National Product

Paper Summary:

This paper explores, in-depth, the problems that arise from comparing the GNP index particularly of the United States to other world economies. The paper explores how one must evaluate the accuracy, reliability and most importantly the effects of GNP numbers upon comparison with other economies in various sectors of the productivity indices worldwide.
Thesis Statement
Determination of the GNP
Trends of U. S. vs. other Nations
Some Foreseeable Problems
Statistical Revisionism and Wizardry
Education Quality
Economic Statistical Wizardry
The Trusts and government surpluses
Bibliography

From the Paper:

"This situation therefore sets up a Net National Income - the same as the Net National Product - and takes off an estimate for capital consumption or depreciation as machinery is acquired, replaced or removed along with the several hidden factors attendant to such international movement of capital in its myriad forms. For the United States GNP/GDP statistics one needs to be particularly careful. The U. S. has a great tendency to make these figures much more dramatic than in reality they are. For example, a quarterly rise of 1.4% in actual growth would be reported on an annualized basis and the talking heads of the networks would report glowing figures such as a 5.7% rise when quarter annualizing is calculated."

More papers on Gross National Product:

• Comparison Essay # 137733 : "US and Taiwan GDP Comparison"
• Essay # 47920 : "Green Accounting"
• Analytical Essay # 118382 : "Measuring National Well-being"

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