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Yep, maybe GDP is not a great measure if one country can produce a box of cookies for $1 while another $4. Turns out physical output is important (bushels of wh
by cpursley 3y ago
Yep, maybe GDP is not a great measure if one country can produce a box of cookies for $1 while another $4. Turns out physical output is important (bushels of wheat, pounds of steel, # of cars, etc).
- Gare 3y agoBut if a $4 country can produce an advanced military gadget but $1 country cannot, then the $1 country has a problem. That's why difference exists in the first place - because of power imbalance driven by different levels of technological progress.
- cpursley 3y agoAs we're seeing now, it's an even bigger problem when a country produces an advanced military gadget for $1 and the other country can't match it in terms of production for even $50.