Re:The puzzle of Europe
by kzrdude on Monday March 08, 2021 @04:53AM
(#26383922)
GDP is not computed from anything that's split on individuals, GDP median over people does unfortunately not make sense. (Not in the way that median disposable income would, for example).
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Re:The puzzle of Europe
by throwaway210222 on Monday March 08, 2021 @05:09AM
(#26384071)
GDP isn't even measured in the same way in different countries.
1. The USA gifts itself > $6 trillion in imputed values. Or about the GDP of Japan;
2. If China measured their GDP using the formula used by India, its economy would be significantly larger;
3. Nigeria overtook South Africa literally overnight by changing (amongst other things) the value of unpaid child care.
Its largely are ruse to make public debt look sustainable.