Statistics 4 beginners - What is included in GDP ?
Previously we wrote about USA population without elderly and youngs / students
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260836730-57794852-31328131 = 172 mio
Previously we used the pro capita to calc the debs as % GDP
Obviously if we exclude such population the pro capita is different. Otherwise we would get a debt as % GDP of 160-244% (which obviously is wrong ...)
26834953000000/172000000 = 156k would be the GDP pro capita
(32000000000000 / (260836730-57794852-31328131)/156000)*100 and then we would get again the same 119 as debt as % GDP, but in such case the GDP / capita is 2x higher! while the wage of the population still remain 35k with a difference of 121k $! (and more for poor people).
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Cardiologists: $421,330
Cashiers: $28,730
Just think about how cardiologists changes the values ...
https://perma.cc/9JVL-DMKL
Even if we consider a wage of 64k
https://perma.cc/9HRV-3U6K, there is still a difference of 92k
Let we consider now 203 mio the population without elderly.
We would get
(32000000000000 / (260836730-57794852)/64000)*100 = 246%
A debt % wage of 246% again, so pretty similar to what we got previously
Next post about GDP
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