TayserMahri:


Not relevant at all...you could as well keep asking more whys after I respond to the first why.

As you were told a gazillion times, the calculations are statistical That was the bone of contention. You couldn't prove otherwise. Actually, overall, GDP has more statistics in it that Economics. Data collection, preparation, input, processing, analysis, and compiling is purely statistics...economists only interpret results and determine what goods/services to include. Go ahead and ask another why...

gallivant:


That's fair I suppose. Seems like we reached a consensus, Nigerians don't have a clue. Right?

rvp2018:
What is included or excluded was long covered by UN Stats office. Everyone pretty much follows the International Standard Industrial Classification of All Economic Activities (ISIC). And we are now on Rev4. So statisticians basically measures GDP without reference to economist - because it simply counting and find market prices.

jl115:

I wasn't arguing that GDP wasn't statistical in nature, your boy claimed it wasn't economics at all, and that it wasn't calculated by economist but only by statisticians.

GDP is economics.... And you study it in Economics and its calculated by economists EOD

TayserMahri:


Lying again ...post a screenshot where he said that. What he was saying, and I recall pretty well, was that you dont need to be an economist to deconstruct GDP...most of you are pretty mad that a Kenyan software engineer can dissect your fake GDPs with such precision.

jl115:

Not he they.... and they were saying gdp isn't economics!!

gallivant:


That's a natural animal instict, fight-or-flight. In humans we pray when faced with an acute crisis. The most chaotic countries and people in crisis are the most religious. Africa,India, Arabia etc. You will find religion diminishes with the good social wellbeing/education of any nation. If you want to end droughts stop cutting trees, you can pray all Sunday and Friday but the rains won't come. To make a long story short you can actually draw pararrels between religious piety and the lack of education.

Shma:
GDP definition and how it applies is what can be found in economics, yes and statistics as well.
If you need an explanation on how gdp data was calcated, a startician can do that well, and hence. Economist should have statistics knowledge to blend it with economic staffs
You should know that a GDP is a key measure within a wider framework of economic statistics which is often simply referred to as national accounts.

gallivant:


That's a natural animal instict, fight-or-flight. In humans we pray when faced with an acute crisis. The most chaotic countries and people in crisis are the most religious. Africa,India, Arabia etc. You will find religion diminishes with the good social wellbeing/education of any nation. If you want to end droughts stop cutting trees, you can pray all Sunday and Friday but the rains won't come. To make a long story short you can actually draw pararrels between religious piety and the lack of education.

jl115:
mostly yes but not always countries like Singapore, UAE, Saudi Arabia and the US are religious yet very well developed and have great education systems

jl115:

Not he they.... and they were saying gdp isn't economics!!

vaxx:
The atheist is not to be taken seriously Particularly Africa one, they are only atheist because they lack a real crisis. When they are faced with a real crisis, they will instinctually look for Deity again. That's why i don't have to encourage them on social media to find deity; the chaos of life will force them back to it naturally.

jl115:

OK and? I never denied Economics not being statistical in nature infact if you studied economics you would have had statistics as a subject...

However this was never my argument... Your bros claimed GDP wasn't economics at all!! That is what I was debating

hopefulLandlord:


This doesn't sound intelligent and I'm disappointed it's coming from you

gallivant:


UAE and Saudi Arabia might be swimming in oil but their society is still operating on medieval laws. Very bad examples.

rvp2018:
Unlike you who knows nothing really about GDP and thinks it's a magic number. I have worked with National Statistics offices in matter data and I know what they do and what they don't do. The first time I was in Rwanda in 2010 - I went there to rollout US's csPRO software - funded by OECD and WB. I later participated in many Africa countries' metadata standardization for National Statistics. I spent two weeks in Kigali building data collection forms for calculation of GDP aka National Accounts, household data and many things. I never met any economist while I was there

jl115:
Cool story bro keep telling yourself GDP isn't economics!! Makes no difference to the majority of us that know what GDP is!

Just FYI Im an Investment analyst you are a software engineer.......I'm literally an expert in the economic field... And you are a dude that thinks gdp isn't economics

rvp2018:
GDP is the statistics of the economy. The keyword is statistics. Now as an accountant - you learn economics - just like I also learned economic 101 as a CS major. But btw an economist and a statistician - the statistician comes up with GDP - and the economist ANALYSE GDP.

Collection and coming up of GDP is the work of Statistician. The interpretation of GDP figures is the work of an economist - who then design economic policies.

Most statisticians work in Planning and Stats office that come up with GDP figures.

Most economists work in the Treasury who come up with economic policies - tax, fiscal, monetary, labor, name it.

jl115:
Hahahaha look at you grasping at straws!!!

Let me remind you what you said "GDP is actually not Economics-it is basic statistics"
Now all of a sudden GDP is statistics of the economy.... Yet you said GDP had nothing to do with Economics

Also fyi never claimed GDP wasn't statistical in nature... All I said is GDP is economics!!

And maybe Google the history of GDP and you would realise that it was economists and not staticians that developed the formulas for calculating GDP

leo552:


stop grapevine,your info is not substantiated

rvp2018:
Ghana vision 2050

https://www.youtube.com/watch?v=3ZRdqC4lhRM

gallivant:
The Capital

rvp2018:
Context is everything. If you agree that GDP is basic statistics - then you agree it's not the domain of economist at all - but every citizen should be able to understand that GDP is counting the beans, the goats, the maize produced per annum. And that was the point - that I was trying to put a cross.

But obviously you're interested in polemics.

A South African Investment Analyst who misses South Africa Reserve Bank printing MONEY to buy gov debt for the first time.

What exactly are you ANALYSING? and who are you, clients. No wonder South Africa has seen a SHOCKING CAPITAL flight.

If the kind of Investment Analyst they are producing are you type- then South Africa will continue to print more and more money.

Investment are being shifted from Joburg to London - as we speak - because your type cannot analyze shiet.

AskiaHarem:


Looks like a stone village.

Abuja The Capital

rvp2018:
Read this - Statistics South Africa (Stats SA) will release the results of the Gross domestic product (GDP) for the fourth quarter of 2019, at a media briefing to be held on Tuesday, 3 March 2020

Now, why isn't South Africa Chief Economist releasing GDP? Because GDP is statistics - it basically Q time price - and a summation. Economists take GDP stats and try to make sense out of it..

You are not an investment analyst - may be a mere bean counter.

jl115:
fair enough

jl115:

Jeezes you are dumber than i thought!!!

You do realize that Stats SA hire economists to calculate economic statistics like GDP right?? There are literally job vacancies on their website right now for Economists!!