|
|
|
|
|
|
by soVeryTired
3488 days ago
|
|
|
GDP is gross domestic product. The problem is in the term "gross": GDP doesn't measure depreciation. Arguably here they're pumping $X per day into a project that is also depreciating at $X per day (i.e. no net value is produced, ignoring the entertainment value of the stunt). So the project contributes to GDP but not to net wealth. The failure to account for depreciation is one of the major problems with GDP as a measure of prosperity. |
|
|