I’m not an economist, as such I don’t understand all the nuances for gdp but it seems every time a dollar trades hands, it impacts the gdp.
The problem is a lot of its funny money.
We also base our budgets on gdp. As such it’s screwy as we spend like all of its being taxed.
Military is 3% gdp which doesn’t place us in the top 10 for spending. Yet on dollars we are the highest spender by far but we don’t collect enough to cover our debts.
I’m not an economist, as such I don’t understand all the nuances for gdp but it seems every time a dollar trades hands, it impacts the gdp.
The problem is a lot of its funny money.
We also base our budgets on gdp. As such it’s screwy as we spend like all of its being taxed.
Military is 3% gdp which doesn’t place us in the top 10 for spending. Yet on dollars we are the highest spender by far but we don’t collect enough to cover our debts.