3 ms·
Paying more for things is also considered growth. Presumably higher quality content
by UK-Al05 7y ago
Paying more for things is also considered growth.
Presumably higher quality content
- azernik 7y agoInflation is removed from "real" (yes, that's the technical term) growth numbers.
- undershirt 7y agoMore energy is required to create or obtain higher quality content. Some call this the “energy primacy” of the economy that is often not accounted for when talking about GDP growth—which I suspect is one of the reasons economics has been termed “the dismal science.”
- beckingz 7y agoEnergy input per unit of GDP is an important metric that economists and environmentalists look at. Same for Co2 output per unit of GDP.