this post was submitted on 05 Dec 2023
37 points (93.0% liked)

US News

2016 readers
2 users here now

News from within the empire - From a leftist perspective

founded 5 years ago
MODERATORS
[email protected]
37
15% of US GDP is fake as acknowledged by the US gov BEA website (www.bea.gov)
submitted 11 months ago by [email protected] to c/[email protected]
9 comments fedilink hide all child comments
 

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.

no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here