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>You know, it’s 50,000 dollars for tuition at NYU and it’s zero at Humboldt University in Berlin. So NYU adds catastrophic amounts of GDP per capita and Humbold
by jackowayed 16y ago
>You know, it’s 50,000 dollars for tuition at NYU and it’s zero at Humboldt University in Berlin. So NYU adds catastrophic amounts of GDP per capita and Humboldt adds nothing
GDP = private consumption + gross investment + government spending + (exports − imports)
So unless the government is managing not to pay the professors or pay any other money to make Humboldt happen, Humboldt is adding to the GDP, just as government spending rather than consumer spending.
Now, it may not cost the government $50k/student. But it doesn't cost them 0 either.