Key concept:
GDSP: is generally measured with the use of the Expenditure Approach: personal consumption expenditures, gross private domestic investments, government purchase of goods and services, and net exports of goods and services.
It is the sum of the value of the final goods and services produced domestically by the sport industry.
GDSP: is generally measured with the use of the Expenditure Approach: personal consumption expenditures, gross private domestic investments, government purchase of goods and services, and net exports of goods and services.
It is the sum of the value of the final goods and services produced domestically by the sport industry.
Measurement for this is more complex than that of measuring the GDP because of two reasons:
The scope of what we call sport can be very limited or inclusive depending on how we define “sport”.
The second reason is because there is no sole category of expenditures in sport defined by government economic statistics. The economic significance of sport has been counted only as a contributor to the recreation and entertainment industry.
No comments:
Post a Comment