> gdp is a super simple calculation: > >consumption+government spending+investment+net exports > net exports gdp measures the "velocity" (or multiplications) of the exchange of money.  every time there is an exchange of money that gets registered... you get a rise in your gdp. when you exchange money to sell abroad (export), it rises. when you import, it rises as well. if you and your friend exchange the same 500 for blowjobs at a turn. those same 500 will count each time for the gdp as it is exchanged. gdp is among the most retarded metrics. i remember in the 1990s that what was measured was gnp, which is a bit better. but it was clear that 80% of the world gnp was ending up in either the usa or israel so...
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