3 ms·
> Having hundreds of millions of poor near-subsistence farmers will add quite a lot to a country’s GDP (PPP) In what sense? By definition, subsistence farmers
by olalonde 2y ago
> Having hundreds of millions of poor near-subsistence farmers will add quite a lot to a country’s GDP (PPP)
In what sense? By definition, subsistence farmers primarily produce for their own consumption rather than for the market, meaning their output is largely not captured in official GDP statistics.
- IAmBroom 2y agoWhich argues that all metrics are useless, not that GPD (PPP) is best.