☆ Yσɠƚԋσʂ ☆ to EconomicsEnglish · 7 months agoThe US has the largest economy by traditional GDP measures, but when adjustments are made to account for PPP, and the cost differences for similar products, it is China with the largest economy.youtu.beexternal-linkmessage-square7linkfedilinkarrow-up129arrow-down11cross-posted to: sino@hexbear.neteconomics@lemmy.ml
arrow-up128arrow-down1external-linkThe US has the largest economy by traditional GDP measures, but when adjustments are made to account for PPP, and the cost differences for similar products, it is China with the largest economy.youtu.be☆ Yσɠƚԋσʂ ☆ to EconomicsEnglish · 7 months agomessage-square7linkfedilinkcross-posted to: sino@hexbear.neteconomics@lemmy.ml
minus-square☆ Yσɠƚԋσʂ ☆OPlinkfedilinkarrow-up14arrow-down1·7 months agoExactly, consider something like health insurance industry that’s a significant chunk of the GDP in US and it’s a net negative on society.
Exactly, consider something like health insurance industry that’s a significant chunk of the GDP in US and it’s a net negative on society.
and speculative real estate (“investments”) also