"I am afraid I am still confused. My question is a purely technical one: how do you define median GDP?"
seems to me the confusion here is that worker's share of output is not the entirety of GDP. Hell the income of different classes isn't the entirety of GDP as Marx so ably showed in volume two of capital and in theories of surplus value. the point I think Raghu is making is you can assign personal income and benefits to individuals but you can't assign plant and equipment, parks and roads, exports and imports to individuals for the purposes of a median measure. median personal income and median personal disposable income are workable concepts. -Nathan Tankus -----------------------------------------------------------------------------------------------------------------------------------------------
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