4 ms·
Why should it scale with GDP? GDP growth represents more goods and services produced. If GDP doubles and you go from $1 eggs to $2 eggs, GDP didn't actually gr
by s1artibartfast 2y ago
Why should it scale with GDP? GDP growth represents more goods and services produced.
If GDP doubles and you go from $1 eggs to $2 eggs, GDP didn't actually grow or you are being swindled.
Expenses for a fixed goods and services should decrease as a percent of GDP over time. If they don't, that means spending is less efficient over time.