Re:Britain’s statisticians fix a blunder and find a bigger e...
by kspacewalk2 on Tuesday September 05, 2023 @04:24PM
(#37397215)
If you zoom out and look at the aggregate widget contribution to the GDP (price * # sold), it is likely that the effect is either much reduced or goes away entirely. Fewer people will buy for $100, depending on price elasticity on demand the GDP number may in fact end up accurately reflecting that something shitty took place.
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