Da Orky Man said:
Aramis Night said:
How does more people improve an economy? We have more people now than in any point in human history and yet for some odd reason the world economy is in the toilet vs. 60 yrs ago when we had about half as many people alive and a much better economy. You can stick to whatever economic theory you like but the reality is all around us.
That graph means bugger all without being normalised per-capita. Business 101: higher turnover does not necessarily equate to being more successful / having greater profits. Some kind of consideration of the (per capita) national deficit and/or debt might also be useful, so you can see whether said PCGDP is actually sufficient to cover both your repayments and the stuff you want/need to buy.
My annual salary just about pays my bills. Yet it would be a fortune for someone living in, say, the Gambia, but laughably insufficient if I aimed just for a similar quality of life in the heart of London, or in Seoul, Dubai, Beverly Hills. And the GDP you arrive at is dependent on taking said paycheque (if we assume it to be equal to the national average) and multiplying it by your working population (...and later, dividing it by your TOTAL population, which also includes those of working age and ability who can't find a job because there's too many people and not enough work).