3 ms·
I really don't understand the point of this criticism. Isn't GDP the best way we have of measuring the volume of work being done? If I exchange production of
by alex_young 9y ago
I really don't understand the point of this criticism. Isn't GDP the best way we have of measuring the volume of work being done?
If I exchange production of some craft for money in the bank and then exchange that money for some other product I fancy, we've not only moved the money around, but created real quantifiable new value through the production purchased.
GDP - Gross Domestic Product. Producing things. That's what it's all about.
- dredmorbius 9y agoShort answer: no. It is, however, the accepted answer in most parts.