--%>

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 : Individuals self-interests and broader

    A natural harmony among individuals serving their own self-interests and the broader interests of society was the main theme of the theories of __________, although this concept was not accepted through _________. Determine the correct answer from given options: (w) K

  • Q : Slope of a straight line is the ratio

    Explain the slope of a straight line is the ratio of the vertical change to horizontal change between any two points on the line?

  • Q : Elucidate state expenditures and

    Elucidate state expenditures and receipts for all states in 1998?

  • Q : Subjective aspects of pricing- economic

    Adam Smith must have emphasized more strongly how his Wealth of Nations drew concepts and inspiration by Richard Cantillon’s Essai. Now today’s perspective that the Wealth of Nations would considered even

  • Q : Comparative Advantage of free trade

    According to the advocates of free trade and World Trade Organization, each and every country potentially advantages from trade liberalization and the lowering of tariffs since each and every country: (1) Has a comparative benefit in something. (2) Ga

  • Q : Importance of Price Earnings Ratio

    Write down the importance of Price Earnings Ratio?

  • Q : Introduction of the term net present

    Give a brief introduction of the term net present value? Write down its admittable rules, their merits and demerits?

  • Q : Supply and demand at tax burdens and

    The new supply and demand curves within University City are S0 and D0. But after the county commission imposed at $3 per six-pack excise tax upon beer: (w) beer sellers' revenue after taxes decreases by $60,000 monthly. (x) buyers and sellers eac

  • Q : The Economics Of Property And

    There are THREE questions in this assignment. The overall word length for this assignment should be in the range of 2,000-2,500 words. You may incur a penalty if you exceed the upper value. You must state the total number of words

  • Q : Tax revenues to reduce rate of inflation

    Explain how government might manipulate its expenditures and tax revenues to reduce rate of inflation?