What does real GDP growth mean for you and me?
Real GDP growth is not that relevant to us. The change in GDP has no change on the economy if there is an equal change in another field of the economy. The GDP is the total amount of products the economy produces. It is GDP per capita that makes a difference.
GDP is relevant it just has limitations. Josh, you are not presenting anything in this post that indicates you understand what you read in Whelan.
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