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Sorry America, China has a bigger economy than you
(www.ft.com)
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this post was submitted on 06 Dec 2023
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I don't doubt that the US does the same, but I'm not sure if an opinion piece citing other opinion pieces is the strongest evidence. 🫢
I mean, you don't have to look at opinion pieces to see that US cooks their numbers. It's openly admitted on the BEA website. The whole imputation bit is basically fictitious GDP. For example, when a person buys a home, the government adds that person’s imaginary rent to the GDP. That is, if he didn’t buy a home, he would have spent X dollars on rent.
https://www.bea.gov/help/faq/488