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GDP growth and inflation are different things. If inflation-adjusted GDP goes up, that means the average person is able to buy more things they want. Compare li
by chis 22d ago
GDP growth and inflation are different things. If inflation-adjusted GDP goes up, that means the average person is able to buy more things they want. Compare living in the US vs India today for the median citizen
- figassis 22d agoYes they are, inflation-adjusted GDP is efficency. My point exactly, bc I don't think when people say the economy is growing they are ajusting for inflation at all.