3 ms·
GDP only measures taxable activity (goods bought and sold), which was a far smaller part of a person's day to day activity back then. Also, these are 1990 doll
by fallingfrog 9y ago
GDP only measures taxable activity (goods bought and sold), which was a far smaller part of a person's day to day activity back then. Also, these are 1990 dollars, which are worth about twice as much as 2017 dollars.