3 ms·
Since 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) w
by greenail 5y ago
Since 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.