Every country seeks growth. Measured by the GDP of a country.
Based on Wikipedia, GDP = C + I + G + NX, where C is consumption, I is investment, G is government spending, and NX is net exports, given by the difference between the exports and imports, X − M.
If a country’s GDP growth is positive, it could only mean 2 things or both simultaneously.
1) another country’s GDP is negative
2) there is inflation
In which case, either another country loses or lay people lose because the price of goods has increased.
Should we then be aiming for 0 GDP growth instead? Is there no better way to measure a country’s health?
