Quote:
Originally Posted by dpevans
Ever heard of inflation. 9% inflation in 2021 outpaced GPD at 5.9% so any increase in GPD over the last three years has been inflationary, which in economic terms means the economy is not producing more it's more expensive to purchase items. There has been no real growth, growth comes when GPD outpaces inflation and wage growth outpaces inflation and in three years neither of these has taken place. I bought a 2024 and the car cost 5k more than the exact same car in 2023, that's not GPD grow thats inflation.
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Inflation, like, inflate a balloon? I've never heard of it.
What's GPD?