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Why isn't it easier with population growth? GDP isn't adjusted by population, so even if the amount per person goes down (as it has been recently), so long as t
by haihaibye 10y ago
Why isn't it easier with population growth? GDP isn't adjusted by population, so even if the amount per person goes down (as it has been recently), so long as the total amount doesn't - no recession!
- jakozaur 10y agoExcuse me, but I meant what you said. With population growth it's easier to have GDP growth. If population is flat, you actually need to make ppl more productive: wages need to increase, company profits, etc. With newcomers, even if productivity per person decreases you still can have GDP growth.