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The point might be that GDP is not the income of any individual entity, however construed.
by dllthomas 3y ago
The point might be that GDP is not the income of any individual entity, however construed.
- dragonwriter 3y ago> The point might be that GDP is not the income of any individual entity, however construed. Addressed upthread: “Its not government revenue, but government revenue is largely a choice within parameters set by, more than anything else, national income.” That is, its is what sets the bounds on the revenue of the only relevant entity, within which the actual revenue is a matter of thr decisions of that same entity.
- dllthomas 3y agoBut it's not only not government revenue, it's not the revenue of any single entity really. It's an aggregate of a bunch of revenues of different entities.