In 2015, an accounting gimmick gave Ireland a 26% growth rate in GDP. What does this...

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In 2015, an accounting gimmick gave Ireland a 26% growth rate in GDP. What does this event reflect about the nature of GDP? Inputs to GDP are all qualitative, not quantitative. Governments are required to change GDP calculations every five years. If the measurement of economic activity evolves, GDP can change. Because the GDP is official, its numbers are not subject to interpretation. In 2015, an accounting gimmick gave Ireland a 26% growth rate in GDP. What does this event reflect about the nature of GDP? Inputs to GDP are all qualitative, not quantitative. Governments are required to change GDP calculations every five years. If the measurement of economic activity evolves, GDP can change. Because the GDP is official, its numbers are not subject to interpretation.

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