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中国GDP的现状以及认识隐性经济规模和影响目1Gourp member2What is GDP?录3GDPs advantage and disadvantage4Reasons for China s GDP lies second in the world5GDPs improvement6请在此处输入您的文本请在此处输入文本小组成员组长:Jack组员:Tomblack Jimmy Jason 2.What is GDP?The so called GDP, is defined in book like Gross domestic product(GDP) is an aggregate measure of production equal to the sum of the gross values added of all resident, institutional units engaged in production.However, as my own comprehension, GDP means the sum of merchandise (including products and service) when the first exchange happened. This definition maybe is kind of less rigorous, but I guess there is nothing wrong. Here is two things needs attention. First, what concept we use is merchandise not semi-manufactured goods, which means products such as cement, steel are not counted. Second, we only count the fist exchange, which do not include the second-hand transaction.To be more clear, when the currency in circulation is fixation, the amount of GDP depends on the exchanging times of certain currency.国内生产总值,指的是一个国家或地区内的所有常住单位,在一定时期内(通常为一年),所生产和提供的最终产品和劳务的价值总和。换句话说,一个国家或一个地区在一年内究竟创造了多少新的物质财富。3.GDPs advantage and disadvantageThe major disadvantage is that it is not an actual measure of standard of living. GDP is a neutral measure which merely shows an economys general ability to pay for externalities such as social and environmental concerns. In essence it is intended to be a measure of total national economic activity — a separate concept. As a consequence GDP not does include several factors that influence the standard of living. In particular, it fails to account for:3.1.Wealth distribution – GDP does not account for variances in incomes of various demographic groups. 3.2.Non-market transactions–GDP excludes activities that are not provided through the market, such as household production and volunteer or unpaid services. 3.3.Underground economy– official GDP estimates may not take into account the underground economy, in which transactions co
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