☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to World News@lemmygrad.mlEnglish · 1 month agoBy the yardstick that both the CIA and the IMF have adopted as the single best measure of national economies, China now has the largest economy in the world.nationalinterest.orgexternal-linkmessage-square27fedilinkarrow-up11arrow-down10cross-posted to: worldnews@lemmy.ml
arrow-up11arrow-down1external-linkBy the yardstick that both the CIA and the IMF have adopted as the single best measure of national economies, China now has the largest economy in the world.nationalinterest.org☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to World News@lemmygrad.mlEnglish · 1 month agomessage-square27fedilinkcross-posted to: worldnews@lemmy.ml
minus-squareInfamousblt [any]@hexbear.netlinkfedilinkEnglisharrow-up0·edit-21 month agoTomorrow’s Headline: IMF announces new metric for defining the size of the economy. This metric removes all industries that actually build things and instead only includes the financial industry.
minus-squarePalacegalleryratio [he/him]@hexbear.netlinkfedilinkEnglisharrow-up0·edit-21 month agoTurns out the only valid™ measure of the economy, is the total citizens medical debt. USA No.1!!!
minus-squareRom [he/him]@hexbear.netlinkfedilinkEnglisharrow-up0·1 month agoA measurement based entirely on student loan and medical debt, and sales of guns and child-crushing pickup tricks.
minus-square🏳️⚧️ 新星 [she/they]@lemmygrad.mllinkfedilinkEnglisharrow-up0·1 month agoSo, the unadjusted GDP per capita and the inflation metrics that don’t include essential spending then?
minus-squaremoujikman [none/use name]@hexbear.netlinkfedilinkEnglisharrow-up0·1 month agoThey just happen to publish a new System of National Accounts (SNA) every time this happens. Last time it was to put more emphasis on R&D.
Tomorrow’s Headline: IMF announces new metric for defining the size of the economy. This metric removes all industries that actually build things and instead only includes the financial industry.
Turns out the only valid™ measure of the economy, is the total citizens medical debt.
USA No.1!!!
A measurement based entirely on student loan and medical debt, and sales of guns and child-crushing pickup tricks.
So, the unadjusted GDP per capita and the inflation metrics that don’t include essential spending then?
They just happen to publish a new System of National Accounts (SNA) every time this happens. Last time it was to put more emphasis on R&D.