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Most GDP growth is just a change in price level - even inflation-adjusted GDP, since prices consistently rise faster than inflation. How does this help anyone?
by immibis 1y ago
Most GDP growth is just a change in price level - even inflation-adjusted GDP, since prices consistently rise faster than inflation. How does this help anyone?
- mritterhoff 1y agoHigher GDP means, on average, better living conditions for the people that live in that country. This is a good thing. https://ourworldindata.org/grapher/human-development-index-vs-gdp-per-capita https://ourworldindata.org/grapher/human-development-index-v...