per capita GDP numbers : bogus 4322

Incorrect ..

First.. Our current administration types.. have been counting the "(Cost of sales)" as a the final value add step. Therefore they include profit margin from products produced abroad into our GDP numbers.

As for GDP calcs read on..

"BREAKDOWN OF THE GDP"

"As stated before, GDP is a measure of the country's total output. How is this production measured? It is measured in how much it is worth. That means measuring the income made. Income and output are one and the same, because output generates income. So, every item or service that a country produces is multiplied by its market price and everything is added together to arrive at the GDP. GDP thus, is the total value of all goods and services produced in a country. GDP measures only sales to consumers, not sales from firms to firms. When companies sell products that are used as resources for another company, that income can not be counted as total output." ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

" Those products are inputs to be used to make other products. Only products marketted directly to the consumer can count as final output. To eliminate counting in these intermediate products, companies can just simply report only the income they made from consumers." ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ (note the term Income, not revenues or receipts. )

" Or, a product can be traced through the entire production process (food, for example, has to go through farmer to processor to distributor to retailer, etc.). Every step of the way, as the product is built upon, value is added to it. The value added is calculated by the price of the product minus the value of costs involved (the cost of buying the part of the product that already exists)."