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US GDP apparently includes capital gains. A bell-curve of income expanding on the upper-right half?
by mistrial9 3y ago
US GDP apparently includes capital gains. A bell-curve of income expanding on the upper-right half?
- gruez 3y ago>US GDP apparently includes capital gains. 1. Source? A quick search suggests not. https://www.ons.gov.uk/aboutus/transparencyandgovernance/freedomofinformationfoi/capitalgainscontributiontogrossdomesticproduct#:~:text=Capital%20gains%20are%20not%20the,these%20are%20not%20capital%20gains https://www.ons.gov.uk/aboutus/transparencyandgovernance/fre.... https://www.quora.com/Why-are-capital-gains-not-included-in-GDP https://www.quora.com/Why-are-capital-gains-not-included-in-... 2. If this were true, shouldn't we be seeing meteoric rise and fall in gdp during the pandemic, when the s&p 500 grew 40% within the span of less than 2 years?
- zeroonetwothree 3y agoI love how people are so confident with their completely incorrect statements that could be disproven in 30 seconds on Google. HN is basically reddit now.
- mistrial9 3y agook ok. apparently via other comments it is US Federal deficit spending that adds so much to GDP, and not the capital gains at all.. gotcha