alaungphaya
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Surprisingly IMG staff estimate is same as GOB estimate... what is your point?
My point is you are an idiot and you don't know what you are talking about. Just to satisfy yourself, please go ask an expert if you can. That poorly written article from the "Daily Sun" has you confused about what GDP is all about. The IMF does not overlook things and when measuring nominal GDP, it doesn't matter what the GDP base year is. However, like I said again and again, because no one can measure every transaction in an economy, they use a bunch of representative industries to calculate data. This is the source of your confusion. If there is oversight, it is unrelated to the base year. The base year is to measure the price level i.e. constant price and not current price and also the exchange rate (if you're going to express everything in US $). Anyway, please go do your own reading. If I may recommend one of my old text books, Ben Bernanke's "Macroeconomics" is a good one.
It is a good reference to outbit all those Burmese Ghorials and Indian snakes who are so jealous of us. Why do these poor people get so nerveous about our rising GDP?
Ghorial? I hope this isn't a racist remark, Mr. Bangladeshi. P.S. My country is a unmitigated **** hole with a pathetic GDP. Yet Bangladesh's is lower by IMF estimations. Why should I be nervous?