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submitted 9 months ago by stabby_cicada@slrpnk.net to c/memes@slrpnk.net

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[-] GenEcon@lemm.ee 0 points 9 months ago

In specific cases GDP is flawed, but generally – looking at a lot of countries and a long time frame – a higher GDP means higher living standards.

[-] LibertyLizard@slrpnk.net 2 points 9 months ago

But that’s the propaganda at work lol. It doesn’t necessarily mean that.

[-] GenEcon@lemm.ee 1 points 9 months ago

It does, though. Countries with a higher GDP have higher living standards.

this post was submitted on 12 Feb 2024

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