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by rcafdm
2386 days ago
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You absolutely can in real terms. https://randomcriticalanalysis.com/2019/12/03/no-means-no-th... Also while I agree that 100% of a GDP is a reasonable approximation of an upper limit in practice, that's not necessarily strictly true either. GDP measures domestic production, not the income available to residents. The income available to residents can certainly be much less than GDP (e.g., Ireland, Luxembourg, etc), so the reverse can be true in principle too. |
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