> American GDP growing 30x the rate of China

it merely shows how much richer americans are compared to the chinese.

A drug is quite often an inelastic good - someone who is dying will, with very high probability, pay the maximum price they could afford for the drug.

Don’t forget credit card interest payments! GDP! Student loan payments! That also goes towards GDP! Great products! 30 years of mortgage interest? You guessed it, GDP!

Copium and GDP for everyone!

Anyone look at PPP or is that metric too inconvenient?

Yeah, because with PPP China already has a bigger economy than USA.

Edit for the downvoters: China’s 2022 GDP based on PPP is $31.5 trillion vs the USA’s $23 trillion. That’s 37% bigger. Source: https://www.worldeconomics.com/Country-Size/China.aspx

Wow wow wow, that’s not the line!

PPP doesnt measure size of economy

GDP (PPP adjusted) does, and that's what the comparison between China vs USA on the parent comment stems from.

China's GDP (PPP adjusted) is ~USD 33 trillion.

USA's GDP (PPP adjusted) is ~USD 27 trillion.

Those are economies' size measures.

Sure it does