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What is the relationship between GDP and conspicuous consumption

 
 
Reply Sat 4 Jul, 2015 11:48 pm
im not sure how or whether conspicuous consumption effects the GDP, consumption curve and the aggregate expenditure
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Type: Question • Score: 2 • Views: 826 • Replies: 3
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sameerjan87
 
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Reply Wed 8 Jul, 2015 02:33 pm
both gdp and cosumption are inter-related.if gdp increase then cosumption will also increase due to multiplier effect and vice versa
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sameerjan87
 
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Reply Wed 8 Jul, 2015 02:36 pm
GDP and consumption are co-related.if GDP increases then per capita income increases so consumption is also boosted up.this all happens due to the multiplier effect.
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David Luek
 
  1  
Reply Wed 12 Aug, 2015 01:02 am
@mizztaurus86,
Hi, mizztaurus86

Really,this question is related to economy, and all have to know about it. Gross Domestic Product(GDP) and conspicuous consumption are like two sides of a coin. When GDP rises at that time conspicuous consumption increases and vice versa.

Hope you will get your answer.

Regards,

David
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