38
submitted 11 months ago by yogthos@lemmy.ml to c/us_news@lemmygrad.ml

The concept is called “imputations” — which are “what if” scenarios.

Example: When a person buys a home, the gov adds that person’s imaginary rent to the GDP!

That is, if he didn’t buy a home, he would have spent X dollars on rent. There are two more shenanigans like that you can read in the article.

By this measure, China has already caught up with the US a long time ago.

you are viewing a single comment's thread
view the rest of the comments
[-] FamousPlan101@lemmygrad.ml 6 points 11 months ago* (last edited 11 months ago)
this post was submitted on 05 Dec 2023
38 points (95.2% liked)

US News

2050 readers
36 users here now

News from within the empire - From a leftist perspective

founded 5 years ago
MODERATORS