USA has higher GDP than China… If we measure in nominal US dollars and pretend that every homeowner in the US pays themselves rent.
I wonder how much China’s GDP would increase if you counted all the homeowners (which is like 80% of the population) as paying fictional rent to themselves.
USA has higher GDP than China… If we measure in nominal US dollars and pretend that every homeowner in the US pays themselves rent.
I wonder how much China’s GDP would increase if you counted all the homeowners (which is like 80% of the population) as paying fictional rent to themselves.
While China doesn’t calculate their gdp statistics the same way as the US, I believe they do also include imputed rent in the calculation https://www.thefreelibrary.com/Reestimating+China’s+underestimated+consumption.-a0407668620