4 ms·
To be fair, "real GDP" has a somewhat precise economic meaning as measuring GDP while taking inflation into account; i.e., take nominal GDP and divide it by som
by nhaehnle 12y ago
To be fair, "real GDP" has a somewhat precise economic meaning as measuring GDP while taking inflation into account; i.e., take nominal GDP and divide it by some measure of inflation (it is only somewhat precise because one can quibble about which inflation measure should be used).
In general though, you are right that especially "real growth", as the antonym of "fake growth", is often used in a way that has economic truther feel to it.