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.

  • 201dberg
    link
    fedilink
    arrow-up
    9
    ·
    11 months ago

    Lol it’s way more than 15%

    15% is the number they allow you to see.