Economic Question

[Rolamec]

So I have a question....

GDP is adding up consumption, investments, government spending, and finally exports-imports, right?

Well how is my nation's GDP $140 trillion, when government spending is (or the budget) a $151 trillion? Never mind investments, consumption and surplus/deficit.

Does the site accurately give your nation's economy? Am I missing something?

[Rolamec]

Really? Nothing This has never dawned upon anybody else?

[Amystris]

depending on the calculator you use, it will be different. the cause is most likely an XML coding error

[Rolamec]

Well I mean, it just doesn't make any sense.

I'm at least $11 trillion behind what I actually should be for a GDP, not even considering consumption, savings/investments, and the surplus I happen to have. Kowever the calculator does it could be in error not just for my nation, but everybody.

[Armbars]

There are a few ways to compute for GDP, none of which is necessarily anchored on nation spending. Remember, GDP is GROSS DOMESTIC PRODUCT, which is a measure of a country's production capacity and the value of its produced goods and services. National budget doesn't equate into GDP. Of course, budget would definitely change a nation's GDP, but budget isn't a determining factor in computing for GDP.

tl;dr: lrn2gdp

[Rolamec]

Wouldn't government spending be the same as the government budget?

[Amystris]

Wouldn't government spending be the same as the government budget?

budget is how much is set aside for govt. spending, not the actual spending of it

[Bularkat]

There is a Government Expenditure value in the NSEconomy Calculator.