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A flat GDP and decreasing population must mean their GDP per capital must be increasing? Would that constitute as growth?
by trinovantes 5y ago
A flat GDP and decreasing population must mean their GDP per capital must be increasing? Would that constitute as growth?
- deleted 5y ago[deleted]
- lkrubner 5y agoThis is a point that the economist Paul Krugman has made in his NYT columns.
- toomuchtodo 5y agoDoes he account for a productivity decline curve due to the average age rising as the population declines?
- throw0101a 5y agoNot sure if it's exactly what you're asking for, but a tweet a while ago: > Dean looks at GDP per capita. But Japan's aging population means that you really want to look at GDP per working-age adult. And by that measure Japan's growth has been essentially the same as America's 2/ [FRED graphic] * https://twitter.com/paulkrugman/status/1215629376806629377 https://twitter.com/paulkrugman/status/1215629376806629377
- kgin 5y agoExactly, GDP per capita is a better metric when talking about what an economic situation feels like on the ground. Absolute GDP is a very “let’s rank countries by economic power” metric.