Sir Blackballs of TWiT on Nostr: Question: What does an inflation adjusted 4.9% increase in GDP mean? This is an ...
Question: What does an inflation adjusted 4.9% increase in GDP mean?
This is an honest question. It's reported the GDP number is inflation adjusted. But the inflation numbers don't include things like food and energy. GDP is the measure of all final goods and services produced in a time period. I take that to mean GDP includes food and fuel. How can we reconcile the true GDP number? To make this more muddy the inflation numbers were worse than expected.
http://kjb.me/b/2Jo
This is an honest question. It's reported the GDP number is inflation adjusted. But the inflation numbers don't include things like food and energy. GDP is the measure of all final goods and services produced in a time period. I take that to mean GDP includes food and fuel. How can we reconcile the true GDP number? To make this more muddy the inflation numbers were worse than expected.
http://kjb.me/b/2Jo