47 ms·
One should co-plot measures such as the size of GDP as a relative growth comparison. GDP can’t grow without some co-growth of money supply.
by dv_dt 5y ago
One should co-plot measures such as the size of GDP as a relative growth comparison. GDP can’t grow without some co-growth of money supply.
- greenail 5y agoSince GDP is calculated based on expenditure the trillions of covid govt spending count towards GDP just as the proposed spending on the table (infra and BBB) would. GDP = C + G + I + NX I think the layman interpretation of GDP is actual economic growth.