World News

32327 readers

903 users here now

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

founded 5 years ago

MODERATORS

[email protected]

Sorry America, China has a bigger economy than you (www.ft.com)

submitted 11 months ago by [email protected] to c/[email protected]

7 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] -2 points 11 months ago

I mean, you don't have to look at opinion pieces to see that US cooks their numbers. It's openly admitted on the BEA website. The whole imputation bit is basically fictitious GDP. For example, when a person buys a home, the government 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.

https://www.bea.gov/help/faq/488