"If Singapore Inc were a listed company, what would its market
capitalisation be? Think about it... My GDP, which is the profit
earned in a year by Singapore Inc, is $210 billion," said Mr Lee. "
, ST 12th April 2007
omg, gdp = profit!
does this talent deserve $3.1mln? not even his old pay of $2.5mln
for he doesn't even understand basic economics.
gdp is the total value of goods and services produced in a country
in a year. it is similar to sales revenue of a company but not its
profit.
