It could actually be true in the sense that producing 1mil things for 1€ each or producing a single overpriced luxury version of the same thing for 2mil€ is a 1mil€ difference in the GDP.
But I’d argue the first is still a better economy than the second. But economists will only like the second one.
It could actually be true in the sense that producing 1mil things for 1€ each or producing a single overpriced luxury version of the same thing for 2mil€ is a 1mil€ difference in the GDP.
But I’d argue the first is still a better economy than the second. But economists will only like the second one.