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Why would GDP be the proxy for a country's profit? If I pay someone to build a house and another person to tear that house down, both activities contribute to G

by hiatus 1y ago

Why would GDP be the proxy for a country's profit? If I pay someone to build a house and another person to tear that house down, both activities contribute to GDP while producing nothing of tangible value.

tempodox 1y ago
If it were the same company, that company would have made profit twice. Or did your house change country before being torn down?
boppo1 1y ago
But they spent the money you paid them and it stimulated the economy! We assume value was created elsewhere. /s Econ is a crock.