I recently listened to a TED talk on why GDP measurement can't be considered as the interpretation of real growth. I couldn't agree more. GDP just measures the trade that happens irrespective of whether it's good or bad. For example, it doesn't really shows how productive the people in the country are because it doesn't account for those activities that doesn't directly correlate to any trade activity. Think of the last time you cooked your own food in home. Ohh! It's everyday almost, isn't it? As you have prepared your own food, the cooking time and the time you spent on it is not getting counted towards GDP itself. The cow's milk is considered an industry and accounts for GDP but not our own time well spent in taking care of our kids. On the other side, it may also depict incorrectly that we are growing even though we may not be really. Also, it depends on what you want to measure - is it really the measure of nice products and services that is...
Posts
Have you ever wondered about having audio-books from your library. Libby is a nice app (the web version is https://www.overdrive.com) to see all your books I recently was looking for some ways to hear audiobooks during my commute. Usually, I use Spotify to hear some regional songs. The Libby app works seamlessly with the Android auto app and it was amazing to listen to nice books during commute. I also downloaded few ebooks and it remembers the location and works perfectly. If you choose to read through Kindle, that option is also allowed. The ebooks can be read through overdrive in the web using a browser or through the Libby app itself. I use the Alameda County library. Some of the most popular books have a hold period and you can be in the waiting list for the books and it will be borrowed automatically for 21 days. I would highly recommend giving it a try. Happy learning!!!