News for hackers. Stuff that matters.
Re:Home Price to Income Ratio by lottin on Thursday September 23, 2021 @03:41AM (#28626308)
It's the standard definition, where inflation is a change in the price level, and the nominal GDP is defined as the real GDP times the price level Y×P. Since GDP is a just a sum of income components, of which one is wages, an increase in the price level implies a proportional increase in wages.

There are no comments on this comment yet.