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GDP havily depends on population itself. With its 1B of under-paid ppl, China has a lof of workers who produce VALUE, hence increase GDP. You know what was the
by ruslan 19y ago
GDP havily depends on population itself. With its 1B of under-paid ppl, China has a lof of workers who produce VALUE, hence increase GDP. You know what was the greatest achievement of Chinese communist government ? It was the idea to let their ppl work and get paid for their work. The rest was done en masse :-).
- rokhayakebe 19y agoGDP per capita has the same denominator as the graph: it is the populatin itself, which is why i did not bother looking at the GDP only but the per capita.
- ruslan 19y agoYes, but have you heard about gravitational collapse ? I think something similar is happining in China's economics when more workers produce more value, hence attract more capital and so on.