3 ms·
Gross Domestic Product is not divided by population. GDP per capita is what you're referring to?
by pestaa 4y ago
Gross Domestic Product is not divided by population.
GDP per capita is what you're referring to?
- Phrenzy 4y agoThe aftermath of a large storm requires a lot of clean up. The clean up costs would be added the the GDP.
- thehappypm 4y agoNot even a little, storms destroy tons of productive businesses.
- Grimburger 4y agoNo, I'm referring to the money spent on cleanup and rebuilding, not X lives lost reducing the denominator in GDP per capita. Disasters are great for GDP as a metric on a medium term scale. Not so much for people or wellbeing. This is basic econ stuff.