Maybe not, isn’t that a form of double counting? After all, defense spending is there to enable the production of other goods and services, it is not useful per se. Chandler S. Reilly and Vincent Geloso recalculate the history of U.S. economic growth using this new method: In fact, our corrections applied to the entire […]
Should gdp include defense spending?
Should gdp include defense spending?
15 May 2025 Leave a comment
in applied price theory, defence economics, economic growth, economic history, macroeconomics
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