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Gabriel Zucman on Inequality, Growth, and Distributional National Accounts

EconTalk

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Is the National Income Price Deflater the Best Price Indicator?

Average income per adult in riral terms has increased only one point four cent perer since 19 eight. Maybe macr economic statistics understate the actual growth rait of the economy, maybe because they pra the price of teis price intea,. Price indices, yes. And they overstate infmation. They don't properly take into account now products.

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