stackyFACTSGross Domestic Product calculations are so fundamentally flawed that a hurricane leveling a city looks fantastic on paper. All the emergency spending and rebuilding counts as robust economic activity, ignoring the tragic loss of actual human lives.
Keep exploring facts in this topic.
Economy →STACKY FOR IPHONEKeep discovering with Stacky. Interesting facts in an app that is always within reach.
Federal Emergency Management Agency officials actively use the operational status of local Waffle House restaurants to determine the severity of a natural…
Discover more
If you want to boost your nation's economic metrics, just start counting the black market. Countries like Italy, Spain, and the UK successfully bumped up…
Discover more
Simon Kuznets created the foundational concept of Gross Domestic Product in the 1930s but explicitly warned the US Congress that it should never be used as a…
Discover more
Burgernomics is an entirely real economic tool created by The Economist in 1986 to measure purchasing power parity using the price of a McDonald's Big Mac.…
Discover more
Despite being just a single localized state composed heavily of chaotic traffic jams and incredibly overpriced avocados, California officially boasts a gross…
Discover more
Bragging about making more money than your grandparents is completely meaningless if a loaf of bread costs fifty times more. Nominal values are raw numbers…
Discover more