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A comment on There’s Nothing to Do Except Gamble. Parent comment

Re:There’s Nothing to Do Except Gamble by lazerpants on Thursday April 15, 2021 @04:12PM (#26825551)
That is incorrect. GDP is typically calculated using an expenditure approach. Just transferring 185MM would not impact GDP.
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Re:There’s Nothing to Do Except Gamble by rchaud on Thursday April 15, 2021 @06:40PM (#26827082)
GDP can also be calculated using the income approach, since conceptually they both add up to the same amount.

In either case, it is still a highly misleading proxy measure for economic development and well-being.

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