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1. Most service sectors in USA and other developed countries are not unuseful,but overpriced. For example, medicalcare service in USA is nortorous for low costperfomance . 2.some of service sectors are completly useless like "virtual rent",some are even...

well, deflator might be one of reasons... but main reason might be the abupt transition from Maxism_communism statistics to West statistics.. before 1980s, CHina adopted "gross output value of industry and agriculture "to measure its economy scale and growth,according to MAx-communism...

"Virtual rent" is 10% of USA' s 17trillion GDP,THAT Is to say,1.7 trillion USD. That is almost equal to india's total GDP. China's GDP excludes "virtual rent".

Is it a more serious "manipulated" that USA includes soo many "unhelpful"(sometimes even "poisonous") service sectors as possiblevas it can,just to make its GDP look nicer,such as overpriced lawsuit/medical care and wall street bonds?

Guys, 1.what is "real wealth"??? "real wealth" is not printed notes like US dolalrs or some paticual metals like GOld. "real wealth" is those manufacturing/farming/mining/constructiong goods that can help raising people life starndard. 2.the more manufacturing/farming/mining/contructiong goods...

So, china's huge import of raw resurce/transnational tycoons' huge sale in CHina are also fake? Those raw resource exporters are all cooperating with China to cook the data of world raw resource,such as australia(iron ore),brazil(iron ore),Opec states/russia(oil),india(iron ore)??? those...

guy, consumption is one big part of GDP. 1.Consumption is how many products&service you people buy...... the more the total consumption is , the mighty one country is . the more the capita consumption is , the higher the life standard is . 2.Last year ,CHinese buy by far more...

yes,although CHinese afford 10 times more autos,steel, concretes,electricity...etc than Indians...