3 ms·
GDP is super easy to fake. Just sell something on the black market. Just trade a service for a service instead of paying for it. Or, to push it in the other di
by wodenokoto 4y ago
GDP is super easy to fake. Just sell something on the black market. Just trade a service for a service instead of paying for it.
Or, to push it in the other direction: sell a service back and forth. I sell you a message for 1 billion and then you sell me one for 1 billion. Now we’ve increased gdp by 2 billion (although you need to live in a zero VAT and zero income tax country to do that as a private person and still have it count)
- vishnugupta 4y ago> you need to live in a zero VAT and zero income tax country Which means GDP is difficult to fake.