Get Ya Wig Split
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View attachment 943478
@F-22Raptor @Hamartia Antidote
@beijingwalker It's pretty much over for China.
Lots of misleading and intentionally cherry-picked data, but not unusual from certain posters.
Real GDP increase for US is mere 1 Trillion in past 4 financial years, rest is just inflation. You should read your own gov data from BEA.
gdplev.xlsx (live.com)
View attachment 943512It's obvious when you check the real growth rate - 2.3%, -2.8%, 5.9%, 2.1%. Your GDP can't grow miraculously when actual growth crossed 3% only once in past 15 years.
Looking into the nominal GDP and marvelling at the effects of inflation is hardly an achievement.
High inflation and crazy cost of living create a mirage
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Record share of Americans say they are worse off financially than one year earlier: survey
A record share of Americans in a new survey from the Federal Reserve Board say they’re worse off financially than they were a year earlier. According to the “Economic Well-Being of U.S. Households”…thehill.com
The reality is economists and the world only look at nominal gdp when comparing relative power of nations.
Once again, nominal GDP is all that matters when measuring relative power of nations. When the world looks at economic rankings, nominal is what’s always assessed. Why do you think so many economic think tanks around the world always assess nominal GDP in the geostrategic competition between the US and China? They never use real GDP, ever.
Cope more
I like how you trying to escape when you got caught. You are yet to submit a actual proof that nominal GDP is "better" than real GDP. What you or media says is not a proof.
Here's a tip for you - when IMF/WB/OECD reports GDP growth rates, it reports based on real GDP, not nominal GDP.
BTW, economists agree with me.
Then why China has money to build everything while US can't even afford building a new subway line?Nope, nominal GDP is all that matters in relative national power and every major economic think tank agrees with me.
I like how you trying to escape when you got caught. You are yet to submit a actual proof that nominal GDP is "better" than real GDP. What you or media says is not a proof.
Here's a tip for you - when IMF/WB/OECD reports GDP growth rates, it reports based on real GDP, not nominal GDP.
BTW, economists agree with me.
“In purchasing power parity, they spend about one dollar to our 20 dollars to get to the same capability.”