alt Hacker NewsGDP growth and inflation are different things. If inflation-adjusted GDP goes up, that means the average person is able to buy more things they want. Compare living in the US vs India today for the median citizen
GDP growth and inflation are different things. If inflation-adjusted GDP goes up, that means the average person is able to buy more things they want. Compare living in the US vs India today for the median citizen
Yes they are, inflation-adjusted GDP is efficency. My point exactly, bc I don't think when people say the economy is growing they are ajusting for inflation at all.