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Why US GDP-per-capita is misleading
Look at INCOME-per-capita. That’s only $38,000 a year. Also, GDP is based on spending and doesn’t reflect real wealth. Now look at China, where people have saved up $18 trillion in bank accounts. Who’s wealthier?
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By KanthanLook at INCOME-per-capita. That’s only $38,000 a year. Also, GDP is based on spending and doesn’t reflect real wealth. Now look at China, where people have saved up $18 trillion in bank accounts. Who’s wealthier?