On Fri, 2008-06-20 at 07:15 -0400, Max B. Sawicky wrote: > I didn't see anything there about altering nominal GDP numbers to get > some different nominal GDP. > > The quality adjustments go into the deflators and price indices.
It can be read that way indeed, I still wonder why USA is singled out since all countries report real GDP with quality adjustment AFAIK. Anyway, the real issue there is total opacity, no detailed price data, no detailed quality adjustment. I wonder what is used to justify to compare real GDP growth between countries given all those governments economists operating in secret without any citizen oversight. Are those economists member of a telepathic society so they all choose the same quality adjustment for the same products? Laurent _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
