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If you are in a country where pensions are managed by the state, your contributions are considered taxes. If you are in a country with a private pension system,
by skywal_l 5y ago
If you are in a country where pensions are managed by the state, your contributions are considered taxes. If you are in a country with a private pension system, your contributions are in the GDP!
The GDP is not a scientific measure. It is an ideological concept.
It doesn't mean it is useless, but it should not be taken at face value.
- karatinversion 5y agoTaxed income isn’t subtracted from income in national accounts though...?