Memorizing sucks

I HATE MEMORIZING!

Seriously it sucks when i have a goldfish memory.
To put it in simple words, i forget things VERY quickly.
Maybe in a few seconds if you interrupt what i was gonna say, i would forget & i'm serious!
No kidding ah! Lol.
I HAVE NOT STARTED MEMORIZING AND NOW IS ALREADY 12AM!
Ok, actually 4more mins to 12am BUT I MUST START ALREADY :(


Did i tell you guys i got 9/15 for Statistics?
It's okay when i did last minute studying but urgh, the marks just pissed me off.
Nvm, & now i'm trying damn hard to study Macroeconomics.
All because i dont wanna have marks that pisses me off again. Lol.
But i guess i won't be able to make it already laaaaaaaa.


Let me just revise here then. (Bear with me :), you can skip if you like.)
Shortcomings of GDP :
1. Non-market transactions.
- Because GDP only counts market transactions, it excludes certain unpaid activities such as home-maker production, child-rearing and diy home repairs and services.
There are 2 reasons to exclude non-market transactions.
Firstly, it is extremely imprecise to attempt to collect data and assign a dollar value to services people provide for themselves/others w/o compensation.
Secondly, it is difficult to decide which non-market transactions to exclude and which to include.

2. Distribution, kind and quality of products.
- Firstly, it does not take into account the distribution of consumption.
Secondly, it does not take into consideration the kind of goods being produced.
And lastly, it does not consider the quality of the products.

3. Neglect of leisure time.
- When people work longer, GDP increases. However, because they work longer, they tend to neglect their leisure and rest time.
This is not reflected in the GDP, therefore, the increase in GDP does not mean that the people are living better off.

4. Underground economy.
- Illegal activities such as illegal gambling and prostitutions produce g/s regardless whether or not it is permitted by the law. These, however is not included in the GDP.
Other underground activities include giving tuition and baby-sitting.

5. Economy Bads
- More productions create more g/s and are included in the GDP. However, if the pollution is created by the production, GDP does not deduct the amount from it.