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But why should growth of the growing GDP should be the target? I don't think that anyone believes that the GDP growth can increase every year. But you can reaso
by v4dok 7y ago
But why should growth of the growing GDP should be the target? I don't think that anyone believes that the GDP growth can increase every year. But you can reasonably assume that it can grow every year
- Matticus_Rex 7y agoI think his point is that, for example, a flat 2% yearly GDP growth is a yearly increase in absolute growth due to compounding, and most economists absolutely do believe that's possible somewhat indefinitely (with significant historical basis for that belief).