4 ms·
GDP measures the value of goods and services produced in the country. For the question you're interested in, you'd want to look at other measures like the defi
by elicash 3y ago
GDP measures the value of goods and services produced in the country.
For the question you're interested in, you'd want to look at other measures like the deficit as a share of GDP. Which is trending badly in large part due to lower revenues (variety of non-ideological reasons).