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SirHumphrey
on Jan 4, 2025
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China is the manufacturing superpower
GDP includes government spending. If a country spends a lot of money on military, that reflects in GDP figures.
VHRanger
on Jan 4, 2025
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Correct. But military spending only *grows* GDP if the money is invested properly. In, say, research/infrastructure/training, etc.
Malinvested money will pump GDP for a few years before growth stops and potentially reverses.
credit_guy
on Jan 4, 2025
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That's correct, but it's not that material. The US GDP is about $27 trillion, the military spending is about $1 trillion, or about 3% of the GDP.
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