U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected

Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by achates on Thursday October 26, 2023 @05:39PM (#38032042)

In practice they're comparing America to an idealized, fantasy version of other developed countries from 2007. They largely aren't aware of how much the US has pulled ahead since then. The UK now has a lower GDP per capital than Mississippi for example.

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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by luis8 on Friday October 27, 2023 @02:29AM (#38035327)

You should use PPP instead of GDP because GDP does not represent local purchase power

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