After reading a report that says that around 57% of Canadian GDP is consumption, your friend Alex

Question:

After reading a report that says that around 57% of Canadian GDP is consumption, your friend Alex states,

“Spending 57% of GDP on consumption is a lot. All people care about is buying stuff, consuming stuff, and accumulating stuff. We would be much better off if we spent our money on services or experiences.” Identify Alex’s misunderstanding of GDP.

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