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If your GDP is $100 billion and your growth rate is 0%, you're still adding $100 billion to the economy every year (assuming that not all wealth is not consumed
by hliyan 7y ago
If your GDP is $100 billion and your growth rate is 0%, you're still adding $100 billion to the economy every year (assuming that not all wealth is not consumed within the same year).
- lonelappde 7y agoDo you know if your assumption is true? GDP ignores depreciation/destruction.
- pjc50 7y agoIf your GDP is $100 billion and your growth rate is 0%, then next year your GDP will be $100 billion. This is normally considered to be "economy is the same size", not "added to the economy". GDP is nothing to do with wealth and entirely to do with income.
- deleted 7y ago[deleted]
- deleted 7y ago[deleted]