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The population of my country has been falling for 30 years in a row and yet its GDP is rising. How could that be?
by zirgs 4y ago
The population of my country has been falling for 30 years in a row and yet its GDP is rising. How could that be?
- anm89 4y agoI don't think this is that complicated. Exactly as I literally said in the above post, the combination of labor quantity * productivity = output. if your labor quantity goes down but productivity goes up gdp can go up. This isn't my opinion, it's how economics define those terms. Also, labor quantity can go up or stay flat while total population goes down