2 ms·
It depends what you mean about bank transactions. Buying $1 billion of stocks does not increase GDP. If I do an IPO, then the big-$ bank transaction I do when I
by why_only_15 7y ago
It depends what you mean about bank transactions. Buying $1 billion of stocks does not increase GDP. If I do an IPO, then the big-$ bank transaction I do when I pay a bank to manage it does increase GDP, because I paid them for a service. The productive output is the advice that was given, the service that was rendered. These kinds of services are clearly useful (people pay for them) but don't cost a lot of energy.