GDP = Profit?

• lotus999

  14 Apr 07, 21:18

  "If Singapore Inc were a listed company, what would its market capitalisation be? Think about it... My GDP, which is the profit earned in a year by Singapore Inc, is $210 billion," said Mr Lee. " , ST 12th April 2007
  
  omg, gdp = profit!
  
  does this talent deserve $3.1mln? not even his old pay of $2.5mln for he doesn't even understand basic economics.
  
  gdp is the total value of goods and services produced in a country in a year. it is similar to sales revenue of a company but not its profit.
• ditzy

  14 Apr 07, 21:20

  I'll be a happy man, even if that little share of GDP went to my cpf.
• robertteh

  14 Apr 07, 23:57

  Originally posted by lotus999:

  "If Singapore Inc were a listed company, what would its market capitalisation be? Think about it... My GDP, which is the profit earned in a year by Singapore Inc, is $210 billion," said Mr Lee. " , ST 12th April 2007
  
  omg, gdp = profit!
  
  does this talent deserve $3.1mln? not even his old pay of $2.5mln for he doesn't even understand basic economics.
  
  gdp is the total value of goods and services produced in a country in a year. it is similar to sales revenue of a company but not its profit.

  Shocked minister for finance does not understand finance or meaning of gdp.
• the Bear

  14 Apr 07, 23:59

  uhh... uhh..
  
  
  
  
• Trump_Card

  15 Apr 07, 00:10

  Originally posted by robertteh:

  Shocked minister for finance does not understand finance or meaning of gdp.

  No , he's trying to fool the average citizens...however business-savvy and economics wise people wont b fooled...
• tim482

  15 Apr 07, 00:44

  http://en.wikipedia.org/wiki/GDP
  
  damn
• charlize

  16 Apr 07, 12:31

  Well, increasing GST is to help the poor.
  
  So GDP means total profit lor.
  
  Understand?
  
  
• kivine

  16 Apr 07, 15:01

  gross domestic product to normal people
  
  gross domestic profit to LKY