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Adam-West t1_j1v86a4 wrote

Reply to comment by Shuber-Fuber in Ukraine lessens projected GDP fall from 50% to 32% by sviterochec

Wartime economy is an odd one anyway. Lots of stuff that counts towards GDP but doesn’t actually improve people’s lives in a normal context. Like theoretically you could have a great GDP based off the production of military equipment but you spend it all on the front lines and don’t have enough leftover for food.

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Sinaaaa t1_j1v96uc wrote

> GDP but doesn’t actually improve people’s lives in a normal context.

That's just how GDP is in general.

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Adam-West t1_j1v9dzd wrote

Yeah but we use it as a metric like this is under the assumption that as a whole higher GDP = Higher quality of life even though it’s far from perfect

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adashko997 t1_j1vbpvk wrote

Honestly I don't see that very often. Except for some comments on a Reddit thread some time ago about California breaking yet another nominal GDP record taking this as proof that the state is a fantastic place to live even though GDP doesn't mean shit in this context.

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