Now, it's leading to brand-new consumer products, many of whose benefits are unmeasured or unmeasurable.
How often discrimination occurs is unmeasured and perhaps unmeasurable, Dr. Williams said.
For its critics, the scheme is yet another way of pouring unmeasured pots of good money after bad, into a bottomless pit where ghost workers dig and corrupt officials thrive.
Buyers of these intermediate goods and services (wholesale trade, much of finance, much of the insurance business, legal services and so forth) in effect embody them in the final goods they go on to sell to consumers, and which duly get measured as part of GDP.Suppose for the sake of argument that the output of these intermediate suppliers had increased in unmeasured ways.
The local economy plods on, growing at about 3.5% a year (though a vigorous black-market economy goes unmeasured).
How to put a price on the contribution of Facebook or Twitter to the Arab spring?But the distinction between measurable productivity and unmeasured consumer surplus matters when trying to ascertain why growth remains so weak.
Some are encouraged that the official jobless rate has stayed as low as 4.5%—though there are reasons to think this number is artificially low because adjustments made to reflect unmeasured jobs in new start-ups may now be too big.
So long as you can count final goods, unmeasured improvements in the supply of intermediate services will succeed in raising measured productivity.
As a result, the ratio of output to input for those final-goods producers, which is to say their productivity, would be higher: it would reflect the unmeasured improvement in service-supplier productivity after all.
The different bracketed possibilities in the various texts exist on top of each other, untested, unmeasured.
So keen have they been that collectively they have become important actors in the yen foreign-exchange market.Retail currency trading on margin was largely unmeasured until last year, when many intermediaries joined the Financial Futures Association of Japan (FFAJ), the industry watchdog.
