> If you look at consumer spending in a country, in most countries that share is between 55-65%. The U.S. is at 67% or so. Most of what we produce goes back to the people themselves. China is different; Chinese consumption rates are at roughly 40% of GDP
Probably healthcare portion of GDP in US, about 20% makes up for the difference?
> If you look at consumer spending in a country, in most countries that share is between 55-65%. The U.S. is at 67% or so. Most of what we produce goes back to the people themselves. China is different; Chinese consumption rates are at roughly 40% of GDP
Probably healthcare portion of GDP in US, about 20% makes up for the difference?
Someone wasnt taught Goodharts Law, its variations and implications.
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