Russia Ukraine war, page-196867

  1. 22,432 Posts.
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    If you mean that the war materials are not converted into enduring
    national assets...then you are right.

    But of course GDP calls don't factor-in assets nor do they account for debt.
    (isn't the US lucky...eh?....otherwise China with its mountain of State Owned Enterprises' Assets
    would be a lot further ahead of Uncle Sam in GDP (PPP)and perhaps pip him in GDP Nominal eh?)

    That said, IMO, there should be an alternative measure of global economies that account for
    assets and debt (net assets) as well as the conventional GDP.

    But getting back to the irony of war materials adding to GDP , I guess the macro economists
    simply see these materials as an export where the multiplier stops at the wharf but without the
    addition of export revenue .......a kind of like foreign aid!
 
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