Re:Every $1 spent on food stamps resulted in $1.73 in GDP gr...
by _delirium on Thursday February 23, 2012 @03:57PM
(#3626734)
Sure, the dollar has declined by 86% in nominal terms; but per-capita GDP in nominal terms has increased by 1170%. Inflation-adjusted, real per-capita GDP is approximately twice what it was in 1965.
The CPI includes both food and energy prices. There is a separate measure called "core CPI" that excludes those, but it's not the one normally quoted, nor the one usually used to correct for real dollars.
The CPI includes both food and energy prices. There is a separate measure called "core CPI" that excludes those, but it's not the one normally quoted, nor the one usually used to correct for real dollars.