currency

currency

by Samuel Paris -
Number of replies: 1

How does winning the lottery affect GDP? Is it considered an official interaction, or is it seen as more of a trade type deal?

In reply to Samuel Paris

Re: currency

by Danny Weaver -
Winning the lottery has no impact on the GDP reporting since GDP does not include transfers. Lottery winnings are a transfer as money is taken from ticket buyers, and giving to the winner. As far as how it impacts GDP growth, I imagine the presence of a lottery on net decreases GDP growth since resources go into running the lottery that could be put elsewhere.
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