Yeah. Government is valued at what it *costs* the government to buy stuff, not at the "value" of what the government produces.
>What abt financial intermediation services?
If you don't pay a fee, it isn't in GDP...
>What abt rental services of owner-occupied homes?
A cheat to put rental and owned property on the same basis.
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>What abt . . . etc etc
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>mbs
What about homemaking services?
But your point is well taken. Things not charged for have a zero weight in GDP, except when they don't--except when a special deal has been cut to count them...
Brad DeLong