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A comment on Why America's economy is soaring ahead of its rivals. Parent comment

Re:Why America's economy is soaring ahead of its rivals by jayd16 on Thursday December 05, 2024 @11:18AM (#42329534)
> If I go visit my grandma over the weekend, my activities do not register on GDP.

How do you mean? There are travel expenses and you were also doing that instead of consuming. Saving shows up in the numbers so I'm really not following what you mean here.

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Re:Why America's economy is soaring ahead of its rivals by s1artibartfast on Thursday December 05, 2024 @11:43AM (#42329799)
If you pay someone to clean their room or watch their kids, that becomes part of GDP, whereas if they simply do it out of love or social obligation, that isnt part of GDP.

Savings isn't part of GDP.

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Re:Why America's economy is soaring ahead of its rivals by startupsfail on Thursday December 05, 2024 @11:33AM (#42329703)
There are no travel expenses, if grandma lives in a walking distance (or a couple of bus stops away, not that uncommon in Europe). She is also fine watching her grandkids from time to time, to everyone’s delight.
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