3 ms·
So, less spending = less GDP, right?
by jbooth 13y ago
So, less spending = less GDP, right?
- snitko 13y agoIt could be. If someone spends money digging holes, it adds to the GDP, but is it good? Hardly so, because no one else profits from it and no additional value is created. The money are wasted, but it looks good on the paper. So why is GDP so important?