What is GDP doing in a grey goo scenario. What if there are actually several types of goo that are trading mass and energy between each other?
What about an economy in which utterly vast amounts of money are being shuffled around on computers, but not that much is actually being produced.
There are a bunch of scenarios where GDP could reasonably be interpreted as multiple different quantities. In the last case, once you decide whether virtual money counts or not, then GDP is a useful measure of what is going on, but measures something different in each case.
“Do paperclips count as GDP” (Quote from someone)
What is GDP doing in a grey goo scenario. What if there are actually several types of goo that are trading mass and energy between each other?
What about an economy in which utterly vast amounts of money are being shuffled around on computers, but not that much is actually being produced.
There are a bunch of scenarios where GDP could reasonably be interpreted as multiple different quantities. In the last case, once you decide whether virtual money counts or not, then GDP is a useful measure of what is going on, but measures something different in each case.
Or you can crank up inflation, which is very easy to do as history attests.
But that only impacts this artificial thing called GDP, not the thing OP is interested in? Though I’m not entirely sure what that thing is exactly