Birdwatch Note Rating
2023-10-27 05:40:37 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 55A94E6B073FD2DD09006D636CF5415C962E8001EF4AE9147E381C3DEA87BAE0
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Original Note:
The annualized increase of 4.9% is in real terms. Real terms means it has been adjusted for inflation. If it were not adjusted for inflation, annualized increase in gdp would be 8.5%. https://www.bea.gov/news/2023/gross-domestic-product-third-quarter-2023-advance-estimate https://en.m.wikipedia.org/wiki/Real_versus_nominal_value_(economics)
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