69 million page views

Difference between productivity and income

Reader comment on item: Anti-Israel Terror Backfires

Submitted by Boris Zeldovich (United States), Apr 20, 2004 at 13:38

Dear Dr. Pipes !
1) I greatly appreciate your work, and I attended, with great satisfaction, one of your lectures.
2) You are writing:
P.A. residents number 3.5 million and their economy produces $2.5 billion a year, meaning the average per capita income is $700 a year.
I suspect there is a confusion in terminology. Income is less than the value of produced goods: you always have some "overhead", which may be from 50% to 95%.
So the real income (it does not matter if per capita or gross) is less than your number $700.
Sincerely, B.Z.
Submitting....

Note: Opinions expressed in comments are those of the authors alone and not necessarily those of Daniel Pipes. Original writing only, please. Comments are screened and in some cases edited before posting. Reasoned disagreement is welcome but not comments that are scurrilous, off-topic, commercial, disparaging religions, or otherwise inappropriate. For complete regulations, see the "Guidelines for Reader Comments".

Comment on this item

Mark my comment as a response to Difference between productivity and income by Boris Zeldovich

Email me if someone replies to my comment

Note: Opinions expressed in comments are those of the authors alone and not necessarily those of Daniel Pipes. Original writing only, please. Comments are screened and in some cases edited before posting. Reasoned disagreement is welcome but not comments that are scurrilous, off-topic, commercial, disparaging religions, or otherwise inappropriate. For complete regulations, see the "Guidelines for Reader Comments".

See recent outstanding comments.

Follow Daniel Pipes

Facebook   Twitter   RSS   Join Mailing List

All materials by Daniel Pipes on this site: © 1968-2022 Daniel Pipes. daniel.pipes@gmail.com and @DanielPipes

Support Daniel Pipes' work with a tax-deductible donation to the Middle East Forum.Daniel J. Pipes

(The MEF is a publicly supported, nonprofit organization under section 501(c)3 of the Internal Revenue Code.

Contributions are tax deductible to the full extent allowed by law. Tax-ID 23-774-9796, approved Apr. 27, 1998.

For more information, view our IRS letter of determination.)