History And Curiosities Of The Gross Domestic Product

History and curiosities of the Gross Domestic Product

Introduction

In the present work we will talk about everything that refers to the gross domestic product also known as P.Yo.B., We will talk a little about its origin, we will refer to its history, we will try to give a colloquial concept about what it is, about who I believe and emphasizing how the P works.Yo.B. This is in the country. We can begin by highlighting that the gross domestic product is a branch of macroeconomy and this is a study of what the economy is in a certain area, we can also highlight from the P.Yo.B., which is the biggest tool we have to measure what the production gains are, it should also be noted that only the final gain of a good or service is taken into account.

Developing

Production or import expenses are not taken into account only the gain that this leaves, that is, its market value, everything adds in a monetary and everything adds indiscriminately, as in a way that so in a wayindiscriminate no matter if they are product gains such as a chair or a fruit, or a public service such as health and private such as going to a gym or internet access, we can also highlight that when youIt speaks of final products is that it is only taken into account in the case that the product has its added value, does not count the raw material, which would be what is called intermediate well, because that is not what is sold topublic.

They take into account only the end and if each one begins to count separately, it can be said that this would not make sense, since it would end up being the same result, the P.

Yo.B. It does not take into account if the products or services are provided by foreign or national companies as longsum was done every year. A disadvantage in which we should focus on this mentality that countries believe that their economic growth is in their p.Yo.B., It is that the environmental impact and pollution leave the countries that lead the P list.Yo.B. 

They are also among the first in the list of countries with greater pollution in the world. Now we will talk a little why the P.Yo.B. It is so important for a country, however, not all people share this same opinion, it is very important because this is our economic growth, the growth of P.Yo.B. It brings with him many benefits, since a growth in this sample that things are being brought well in the country of the point of view, when it automatically raises the unemployment rate, since companies produce more need more labor, also to companies to gain more in some cases increase what is the salary clarifying that economic development is not the one that will end poverty.

Since, many times this is concentrated only in a few people. We can mention fundamental people in what was the growth and creation of GDP worldwide, we will first talk about Adam Smith, known as the maximum exponent of the economy and father of economic liberalism in the world, the approach that the wealth of a country does notThey depended on their hand in works in a total way although this was very important, but also depended on their products but not on money, it may sound to the contradictory with said that adds the money, but it is difficult and almost impossible I will measure thegains through products, since it is something that is not homogeneous as it can just tell the amount of money ignored.

What product refers, although Adam Smith raises what is what is now known as GDP, Simón Kuznets who made a report in these United National Income 1929-1932) in the United States, where for the first time it was known and formulatedFor the first time a concept of GDP, this economist was the first to speak so that the GDP was not so taken into account or that it gave it the importance that this sum of profits could not say if the country was inProgress or not, since this was not perfect and did not give us a statesman about what was the well -being of people within the country does not take into account education, pollution, health and what is life expectancy aspects of utmost importance.

To be able to measure so the development of a country. This economist was the first to speak so that the GDP was not so taken into account or that it gave him the importance that he gave him that sum of profits could not say if the country was in progress or not, since this was notPerfect and did not give us a statesman about what was the well -being of people within the education, pollution, health and what is life expectancy, aspects of the utmost importance to be able to measure it so that the development of acountry. This economist was the first to speak so that GDP was not so taken into account or that it gave him the importance that this sum of profits could not say if the country was in progress or not.

This was not perfect and did not give us a statesman about what was the well -being of people within the education, pollution, health and what is life expectancy, aspects of the utmost importance to be able to measure so that theDevelopment of a country. We can also mention the difference between P.Yo.B. And p.N.B (Gross National Product), the difference between these two is that the P.Yo.B only has the product within a certain territory while the P.N.B takes into account all products and companies true of the country, even if they are located outside their borders. After it makes the sum of everything that are the internal profits of the country.

conclusion

Thus, also added later the number of inhabitants divides that number of profits by the number of inhabitants in the country and with that it is believed that it takes the average more or less than a person earns in the year, however,This is very unlikely since I am including newborns, students, street people who know that they do not handle a monthly income as such for work. The net domestic product refers to P.Yo.B less the cost of production of the products manufactured within the country with this subtraction can be reached somewhat clearer than profits and progress as such in the country are.