No, not Joe Biden. This is just your average Joe. Let’s look at some transactions he might be engaged in, and whether they increase national/global GDP and/or overall well-being/happiness: A transaction that makes the consumer happy or less sad Joe buys painkillers after surgery; or Joe pays for a relaxing spa day. GDP goes up, net well-being goes up.
Joe’s Transactions: Impact on GDP and…
No, not Joe Biden. This is just your average Joe. Let’s look at some transactions he might be engaged in, and whether they increase national/global GDP and/or overall well-being/happiness: A transaction that makes the consumer happy or less sad Joe buys painkillers after surgery; or Joe pays for a relaxing spa day. GDP goes up, net well-being goes up.