--%>

Gross domestic product

Question

Would "Victory Points" be a measure of player's "GDP"? If not, then how would you calculate a player's GDP?

Answer

Gross domestic product or GDP in short, is a measure of value added of a region, state or country.  VPs are basically a reflection of the state of development of a player's region. Now, this is a bit different from GDP. GDP is a mean and not an end. GDP is the reflection of the amount of productive activities taking place which endows one with resources required for development. For example, if the GDP of country A increases, then it has enough money to develop the country by buying resources from other countries or by spending available resources(money) to obtain required resources(say roads).VPs, which show the value of development in the game, are certainly not the measure of GDP.

Looking at the game, we see that it is the resource cards which enable the player to develop the region. Now this can be done directly or by buying resources from bank or by getting involved in trade with other players. Therefore, resource cards are indicators of the buying capacity or endowment of a country which can be used to induce development. The more resource cards a player has, the better position he is in to push towards the goal of getting more VPs. Therefore, resource cards indicative of GDP of the player.

 

   Related Questions in Business Economics

  • Q : Describe unequal burdens of

    Describe unequal burdens of unemployment exist?

  • Q : Why producers not be able to find

    Why producers not be able to find enough paying buyers for “public goods”?

  • Q : Consumer purchase decision If the price

    If the price of a good is given, how does a consumer choose/decide as to how much of that good to purchase?

  • Q : Explain the shapes of the

    Specify and explain the shapes of the marginal-benefit and marginal-cost curves and use these curves to determine the optimal allocation of resources to a particular product.  If current output is such that marginal cost exceeds marginal benefit, should more or l

  • Q : Independent queue vs. pooled queue

    Instruction: McDonald's vs. Burger King - these two fast food chains use different waiting line design: Independent queue vs. pooled queue. To compare the two different queue systems on equal footing, let's assume that we pick a McDonald's sto

  • Q : Theories of capital structure Write

    Write down the theories of capital structure?

  • Q : Problem on productive contribution

    Suppositions underpinning simple production possibilities frontier models don’t comprise a need that: (i) Net resources are fixed. (ii) All resources are efficiently employed. (iii) Technology is steady. (iv) Resource owners are paid according t

  • Q : Problem on current production

    I have a problem in economics on current production possibilities frontier. Please help me in the following question. The combination of 70 units of clothing and 30 units of food are: (1) Completely employs the economy's capacity. (2) Would leave most

  • Q : State of good or service at last unit

    Which of the given describes a situation in which each good or service is produced up to the point where the last unit gives a marginal benefit to consumers equivalent to the marginal cost of producing this? w) productive efficiency.

  • Q : Why Public or social goods not be

    Why Public or social goods not be produced through the market?