- cross-posted to:
- us_news@lemmygrad.ml
- cross-posted to:
- us_news@lemmygrad.ml
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.
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All economic rent and asset price inflation go into it. GDP is a bullshit measurement of the real economy.
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