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5

You are correct in pointing out the flaws of GDP. But honestly, it's the best we have came up with; measuring the stock of wealth is just impossible. You say you can estimate the value of your own assets, and of course it seems that way. We all feel that way, until we actually try. How much is your cellphone worth? Easy to know, go to ebay and look for ...


5

The people who do the planning do explicitly account for the value of time and convenience to transit users. At least, in all the systems I've worked on. (source: I have had jobs where I worked on exactly this, for London, for the Netherlands, and for international train travel) Interchanges are modelled with penalties which cover: the time taken to move ...


4

The following information comes from this report, which was published by the British Government. I'm not going to summarise the whole thing, but go over the major points. However if you are interested in the topic I suggest you read the whole thing, or even take a look at the more technical version which can be found here. The report breaks down the ...


3

One partial measure is the Net International Investment Position: It describes the foreign assets owned by the households, firms governments, etc of a country net of the local assets owned by households, firms, governments, etc of a foreign country. Norway is high up, Greece far down in that list NIIP list in terms of NIIP/GDP ratio.


2

In economics, we commonly use the formula for GDP as a Indicator of "economic growth" The GDP formula is: GDP=C+G+I+NX Where C is equal to all private consumption, or consumer spending, in a nation's economy, G is the sum of government spending, I is the sum of all the country's investment, including businesses capital expenditures and NX is the nation's ...


1

Yes, What you are describing is called value capture. There are a variety of forms of the tax, each with their own pros and cons. The general idea is that infrastructure, particularly transport infrastructure, disproportionately benefits parties closest to the line. A good example is happening in Western Sydney in what was semi-rural land. An international ...


1

It is a legal issue, originally. The US did have a giant electrified trolly system built around the coal and diesel-electric train system. This was a primary method to sell electricity before the Great Depression. When Congress decided to do mass electrification they guaranteed generation and sales monopolies but required firms to sell off all non-...


1

My guess: high investment costs, low gains relative to alternatives such as buses. You need rails and electric lines, which are expensive. In the western hemisphere trams already existed before alternatives such as large buses came about, so the costs consist mainly of maintenance. In other parts of the world the infrastructure is not in place, and getting ...


1

National wealth? https://en.wikipedia.org/wiki/National_wealth From Wikipedia, the free encyclopedia National (net) wealth, also net wealth (in Singapore), national net worth, gross national wealth (GNW), and total national wealth, is the total sum value of monetary assets minus liabilities of a given nation. It refers to the total value of wealth ...


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