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Exactly for that reason, I wish it was a median not average.
by emilsedgh 6y ago
Exactly for that reason, I wish it was a median not average.
- kzrdude 6y agoGDP is not computed from anything that's split on individuals, GDP median over people does unfortunately not make sense. (Not in the way that median disposable income would, for example).
- throwaway210222 6y agoGDP isn't even measured in the same way in different countries. 1. The USA gifts itself > $6 trillion in imputed values. Or about the GDP of Japan; 2. If China measured their GDP using the formula used by India, its economy would be significantly larger; 3. Nigeria overtook South Africa literally overnight by changing (amongst other things) the value of unpaid child care. Its largely are ruse to make public debt look sustainable.