I mean: a nurse paid by the government produces the same services as a nurse paid by a company. Privatizing healthcare does not lead to an i crease in GDP.
None of these idiots took Econ 101 it appears. We don’t measure gdp via spending because each of the spending areas is “important” or “special”. We have to measure every $ spent by anyone because that is how we get income. Every dollar spent goes to someone else. That’s the F-ing point.
Comments
A) Government spending leads to wage and profit income
B) Government spending leads to production (educated people, law and order, lighted streets)
You can't leave out gov spending without running into accounting and production inconsistencies.
Genius this Elon dude.