Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

United Kingdom

House of Roberts

(6,175 posts)

1. How are they comparing 'Real GDP' before the pandemic

Reply to muriel_volestrangler (Original post)

Fri Sep 30, 2022, 11:45 AM

Sep 2022

with 'Real GDP' after the pandemic? Isn't GDP the sum of the prices obtained for the goods produced, and wouldn't the inflation increase the total? So we could be producing less, but paying more, in total?

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

6 replies

= new reply since forum marked as read

Highlight:

UK is only G7 country with smaller economy than before Covid-19 [View all] muriel_volestrangler Sep 2022 OP

How are they comparing 'Real GDP' before the pandemic House of Roberts Sep 2022 #1

GDP is calculated with a "deflator", which allows for inflation; this is the real GDP figure muriel_volestrangler Sep 2022 #4

If that is true, as I suppose it is, House of Roberts Sep 2022 #6

"Real" might mean inflation adjusted IbogaProject Sep 2022 #2

Because of Brexit? LiberalFighter Sep 2022 #3

Because of a moronic doomsday cult in charge muriel_volestrangler Sep 2022 #5