GDP?
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GDP?
Apologies if this is explained elsewhere, but how does this system determine GDP? How does it determine all of the different variables?
""YJD: Een Recwar is prima zolang Bijaro niet deelneemt."
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Re: GDP?
It is written up, but on the old Shireroth forum (that page was coded in 2009). The basic explanation is:
GDP measures all transactions involving a given nation over a three month period.
Consumption (C) = Transactions originating from a private citizen in the given country; to any other account.
Investment (I) = Transactions originating from a company in the given country; to any other account.
Government (G) = Transactions originating from a government account in the given country; to any other account.
Exports = Transactions originating from any account not in the given country; to any account in the given country.
Imports = Transactions originating from any account in the given country; to any account not in the given country.
Net Exports (NX) = Exports - Imports
GDP = C + I + G + NX
It's all calculated automatically, of course. If you want to have an estimate of GDP based on the size of the nation on Micras and levels of development etc. it's useless, but if you want a measure of how much money is moving around in the SCUE as a proxy for economic activity, it's very useful.
GDP measures all transactions involving a given nation over a three month period.
Consumption (C) = Transactions originating from a private citizen in the given country; to any other account.
Investment (I) = Transactions originating from a company in the given country; to any other account.
Government (G) = Transactions originating from a government account in the given country; to any other account.
Exports = Transactions originating from any account not in the given country; to any account in the given country.
Imports = Transactions originating from any account in the given country; to any account not in the given country.
Net Exports (NX) = Exports - Imports
GDP = C + I + G + NX
It's all calculated automatically, of course. If you want to have an estimate of GDP based on the size of the nation on Micras and levels of development etc. it's useless, but if you want a measure of how much money is moving around in the SCUE as a proxy for economic activity, it's very useful.
Andreas
"He showed up three or four years ago and accidentally took over the micronational world by being way more competent and enthusiastic than everyone else. Now he sort of rules us all, but it's a benevolent sort of thing, as far as we know."
~Scott Alexander
"He showed up three or four years ago and accidentally took over the micronational world by being way more competent and enthusiastic than everyone else. Now he sort of rules us all, but it's a benevolent sort of thing, as far as we know."
~Scott Alexander
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Re: GDP?
This is how I'd like to see us in Haifa calculate GDP, and even set budgets in government...but it is feasible?It's all calculated automatically, of course. If you want to have an estimate of GDP based on the size of the nation on Micras and levels of development etc. it's useless, but if you want a measure of how much money is moving around in the SCUE as a proxy for economic activity, it's very useful.
Hugo is ----
Hamish Thurston - Conductor of Pythonland
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Fayiz Sarraj - Member of The Social Democratic Party in Haifa
Hamish Thurston - Conductor of Pythonland
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Fayiz Sarraj - Member of The Social Democratic Party in Haifa
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Re: GDP?
The difficult with working out in simulation stuff is a moderately fair/objective way of making the valuations, which is pretty hard.
Andreas
"He showed up three or four years ago and accidentally took over the micronational world by being way more competent and enthusiastic than everyone else. Now he sort of rules us all, but it's a benevolent sort of thing, as far as we know."
~Scott Alexander
"He showed up three or four years ago and accidentally took over the micronational world by being way more competent and enthusiastic than everyone else. Now he sort of rules us all, but it's a benevolent sort of thing, as far as we know."
~Scott Alexander
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- Posts: 657
- Joined: Fri Jul 06, 2012 2:39 am
Re: GDP?
I think that if you're going to run a primarily simulated economy, you've got to have a creative approach when it comes to accounting for the system's lack of dexterity. I'm still waiting for someone to come up with a really good way to simulate supply and demand.
""YJD: Een Recwar is prima zolang Bijaro niet deelneemt."