| ▲ | usefulcat 2 days ago | |
Those numbers are in units of "Consumption per Real Dollar of GDP", which is defined as follows: "Calculated as energy consumption divided by U.S. gross domestic product in chained (2017) dollars". I don't know exactly what it meant by "chained", although from the context it does sound as though it might mean something like "inflation adjusted". | ||
| ▲ | TrainedMonkey 2 days ago | parent | next [-] | |
I am getting more and more peeved by using GDP as a single number. Cost of existing, aka housing and healthy food, skyrocketed compared to median income. But hey, the tech got cheaper. | ||
| ▲ | dismalaf 2 days ago | parent | prev [-] | |
> I don't know exactly what it meant by "chained" It does mean they tried to eliminate inflation as a factor. In my experience though the basket of goods used for inflation calculations do a poor job representing the majority of consumers' and businesses' costs. | ||