Hub.mn

Apologies if this is explained elsewhere, but how does this system determine GDP? How does it determine all of the different variables?

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.

Good to know. Thanks!

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.

This is how I'd like to see us in Haifa calculate GDP, and even set budgets in government...but it is feasible?

No, as there is no way to check your results, they are completely fictional, there is no way you can check your results. What you could do is mirror a real nation and do some adjustments.

The difficult with working out in simulation stuff is a moderately fair/objective way of making the valuations, which is pretty hard.

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.