Eli5: I don't understand why there seems to be a general consensus that gdp will continue a trend of growth, and why this would be beneficial, considering the cyclical nature of economies and empires rising and falling. Isn't economic downturn on some level unavoidable or even beneficial? Submitted by candymannequin t3_ydb3qp on October 25, 2022 at 5:50 PM in explainlikeimfive 36 comments 65
Burnsidhe t1_itskegf wrote on October 26, 2022 at 12:05 AM GDP measures economic activity, not the actual 'health' of the economy or how well people are living or how financially secure they are on average. It's not really the best economic indicator, but its the one everyone points to. Permalink 1
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