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hotpotamus
on April 13, 2023
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The long, slow death of global development
GDP numbers are always supposed to be reported in inflation adjusted terms.
Thorrez
on April 13, 2023
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So 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
on April 13, 2023
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If you don't compare values between years it doesn't matter. When you compare them you adjust them to common base year.
eru
on April 13, 2023
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Well, unless you are talking specifically about nominal GDP, which is also very important in economics.
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