4 ms·
GDP numbers are always supposed to be reported in inflation adjusted terms.
by hotpotamus 4y ago
GDP numbers are always supposed to be reported in inflation adjusted terms.
- Thorrez 4y agoSo In 2020 I'd say "Country Foo had a GDP per capita of $1000 in 2000", and in 2023 I'd say "Country Foo had a GDP per capita of $1100 in 2000"? That's confusing.
- ajuc 4y agoIf you don't compare values between years it doesn't matter. When you compare them you adjust them to common base year.
- eru 4y agoWell, unless you are talking specifically about nominal GDP, which is also very important in economics.