GDP numbers are affected by changes in the goods and services tax rates and subsidy allocations, while Gross Value Added directly measures the value of output
If the above discussion holds true & good ,which I know it is.
Then why do every country track,measure & monitor GDP?
We compare Per Capita fine,then why not GVA comes into the picture but only GDP.(By every nation i guess it's a common measure)Please Explain.
If the above discussion holds true & good ,which I know it is.
Then why do every country track,measure & monitor GDP?
We compare Per Capita fine,then why not GVA comes into the picture but only GDP.(By every nation i guess it's a common measure)Please Explain.