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It's an especially interesting statistic because GDP is calculated as money velocity times supply. Meaning, each time a unit of currency changes hands in any pu
by arcticbull 5y ago
It's an especially interesting statistic because GDP is calculated as money velocity times supply. Meaning, each time a unit of currency changes hands in any purchase, it counts towards GDP.
That means Apple, one entity, receives (not including spending) as much money as every single transaction that occurred in the entire country of the Czech Republic in a given year. Any people say Apple is overvalued...