GDP is a really great number for people who only care about money and power.
As you said, it doesn't measure anything real.
Further it is tainted by govern-cements who like to pad their numbers. As in, adding the expenditures of govern-cement to the total (counting the money twice)
And lets say you were counting toasters.
ToasterDP
In the beginning when few have a toaster and many want one, the TDP would be high and go higher as more factories to produce them opened up. Then, when everyone had a toaster, the TDP would drop to a tenth of that number, just maintaining toasters numbers.
But if you were the govern-cement, you would not want to see the TDP numbers fall, so you would start adding things into TDP that shouldn't be there.
Then TDP becomes a stupid measurement, one that shouldn't be used. Just like GDP has.
Countries with higher GDP the more development the country is and more economically strong.
Can GDP can be as measure of lifestyle of people.
Hi. I am running a new witness node server. Your witness vote is essential to secure the Steemit blockchain and will help to make it more decentralized. Support new witnesses to survive so that we can keep running our server.
Announcement post: dhaka.witness
To give your witness vote follow the below steps:
Click on the link and it will take you to the steemitwallet.
https://steemitwallet.com/~witnesses
Scroll down to the voting box, type 'dhaka.witness' and cast your vote.