If GDP was up due to exports (obviously due to a weak dollar) then if the dollar goes up won't GDP go down?

Oldman answered 3 months ago …

Short answer is Yes.

Longer answer is that food exports and Information-based exports won't be affected. If a US$ buys an eigth of a bushel of wheat, when a dollar strengthens, will the price of a bushel of wheat go up? It's hard to tell because to produce and transport the wheat, we have a source of costs beyond the monetary system...the global economy. The costs for the fuel to transport, the energy to produce the fertilizer, are not entirely internal.

Inversely for media and software...Once the costs are done, only external demand sets the price. If Disney has a great movie that cost 200 Million to produce, and it sells big shows overseas, their income will go up because they've created demand, not by the dollar's relative value to the renminbi.

Similarly, if Microsoft's newest operating system is actually bug-free, and it is copy-protected and proof vs. hacking, the dollar's value will be immaterial, because the market will goblle it up in many different currencies.