GDP also goes up when you have natural disasters because people have to rebuild everything. However, everyone gets poorer in those scenarios. That's why GDP is a very poor measure of the true wealth of a society. Governments like it because it tells them how many taxes they can collect.
GDP also goes up when you have natural disasters because people have to rebuild everything. However, everyone gets poorer in those scenarios. That's why GDP is a very poor measure of the true wealth of a society. Governments like it because it tells them how many taxes they can collect.