Advertising contributes to America’s gross domestic product by at least 8 percent

Does advertising ever seem wasteful? If blogger Economic Logician is right, then advertising and marketing isn’t wasteful — it adds to America’s gross domestic product (GDP). According to a study cited by Economic Logician, advertising affects the labor supply. “As individuals want to consume more, they need to work more to generate the necessary income,” he wrote. “This increases GDP (8 percent for the US) and utility. And as advertising itself amounts to about 2 perc…