zlacker

>>rntn+(OP)
San Francisco's budget is around $15 billion, which is larger than that of many states, for a population of around 800,000

>>apsec1+Oa
It also has 20x the GDP of Wyoming.

>>ceejay+Lc
GDP is just more people spending more money for more expensive things. It's kind of a failed metric for economic productivity unless you think an $8 Big Mac is twice as productive to the economy than a $4 Big Mac.

>>gabruo+8h
> GDP is just more people spending more money for more expensive things. It's kind of a failed metric for economic productivity

It's a good metric for a tax base.

> unless you think an $8 Big Mac is twice as productive to the economy than a $4 Big Mac

Which is why we consider both nominal and real GDP. (In your example, the former represents 2x nominal GDP. They're equivalent in terms of real GDP.)