Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on A fiscal crisis is looming for many US cities. Parent comment
It's a good metric for a tax base.
> unless you think an $8 Big Mac is twice as productive to the economy than a $4 Big Mac
Which is why we consider both nominal and real GDP. (In your example, the former represents 2x nominal GDP. They're equivalent in terms of real GDP.)
There are no comments on this comment yet.
It's a good metric for a tax base.
> unless you think an $8 Big Mac is twice as productive to the economy than a $4 Big Mac
Which is why we consider both nominal and real GDP. (In your example, the former represents 2x nominal GDP. They're equivalent in terms of real GDP.)