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306 sats \ 4 replies \ @0xIlmari 15 Feb 2024 \ on: GDP is a Poor Measure of Economic Health econ
On top of the issues you mentioned, it is also measured in units whose value is manipulated.
There are inflation-adjusted GDP charts tho
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Right, but there are many problems with inflation adjustments, too, and lots of room for intentional manipulation.
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Thats the biggest rug of everything. People assume then posted inflation rate is the actual inflation rate.
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That does seem like a problem. :)
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