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.
Accessibility

Background Colour Background Colour

Font Face Font Face

Font Kerning Font Kerning

Font Size Font Size

1

Image Visibility Image Visibility

Letter Spacing Letter Spacing

0

Line Height Line Height

1.2

Link Highlight Link Highlight

Text Colour Text Colour