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mk89today at 8:30 PM1 replyview on HN

Which is why is not a good indicator...

Government overspending, for example, increases the GDP.


Replies

grueztoday at 9:33 PM

No, GDP is a necessary but not sufficient condition for lavish government services. Yes, there are ways to juice GDP figures without actually having a functioning economy that can support lavish government services, but if your GDP is flat or declining, there's no way you'll be able to continue affording lavish government services.