Since GDP is calculated based on expenditure the trillions of covid govt spending count towards GDP just as the proposed spending on the table (infra and BBB) would.
GDP = C + G + I + NX
I think the layman interpretation of GDP is actual economic growth.
> It’s hard to tell looking at FRED but it seems like it may be due to a change in how they do their accounting starting in May of 2020 (when all the dollars “seem” to appear). From FRED: [...]
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[ 4.2 ms ] story [ 40.9 ms ] threadGDP = C + G + I + NX
I think the layman interpretation of GDP is actual economic growth.
Instead of putting people on them, can we feature, say a Lemming? one of the video game ones, not a real rodent.
> It’s hard to tell looking at FRED but it seems like it may be due to a change in how they do their accounting starting in May of 2020 (when all the dollars “seem” to appear). From FRED: [...]