☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to World News@lemmygrad.mlEnglish · 3 months agoBy the yardstick that both the CIA and the IMF have adopted as the single best measure of national economies, China now has the largest economy in the world.nationalinterest.orgexternal-linkmessage-square27fedilinkarrow-up11arrow-down10cross-posted to: worldnews@lemmy.ml
arrow-up11arrow-down1external-linkBy the yardstick that both the CIA and the IMF have adopted as the single best measure of national economies, China now has the largest economy in the world.nationalinterest.org☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to World News@lemmygrad.mlEnglish · 3 months agomessage-square27fedilinkcross-posted to: worldnews@lemmy.ml
minus-squareInfamousblt [any]@hexbear.netlinkfedilinkEnglisharrow-up0·edit-23 months agoTomorrow’s Headline: IMF announces new metric for defining the size of the economy. This metric removes all industries that actually build things and instead only includes the financial industry.
minus-squareRom [he/him]@hexbear.netlinkfedilinkEnglisharrow-up0·3 months agoA measurement based entirely on student loan and medical debt, and sales of guns and child-crushing pickup tricks.
minus-square🏳️⚧️ 新星 [she/they]@lemmygrad.mllinkfedilinkEnglisharrow-up0·3 months agoSo, the unadjusted GDP per capita and the inflation metrics that don’t include essential spending then?
minus-squaremoujikman [none/use name]@hexbear.netlinkfedilinkEnglisharrow-up0·3 months agoThey just happen to publish a new System of National Accounts (SNA) every time this happens. Last time it was to put more emphasis on R&D.
minus-squarePalacegalleryratio [he/him]@hexbear.netlinkfedilinkEnglisharrow-up0·edit-23 months agoTurns out the only valid™ measure of the economy, is the total citizens medical debt. USA No.1!!!
Tomorrow’s Headline: IMF announces new metric for defining the size of the economy. This metric removes all industries that actually build things and instead only includes the financial industry.
A measurement based entirely on student loan and medical debt, and sales of guns and child-crushing pickup tricks.
So, the unadjusted GDP per capita and the inflation metrics that don’t include essential spending then?
They just happen to publish a new System of National Accounts (SNA) every time this happens. Last time it was to put more emphasis on R&D.
Turns out the only valid™ measure of the economy, is the total citizens medical debt.
USA No.1!!!