> You could also phrase this as 'global GDP would triple from this initiative'
No, you couldn’t, not in real terms.
Let’s suppose a government diverted 2x GDP to this proposal. It can’t tax 200% of output—it must print money. G goes to 2x prior-year GDP. Pretty much immediately, every other component collapses to zero (besides expectations, the government is basically seizing all base metals production and transportation and labor) amidst hyperinflation. Which makes your real G, and GDP, lower than before.
You could also phrase this as 'global GDP would triple from this initiative'. GDP is a silly measurement.