EU's nominal GDP surpasses China, sparking heated debate online as netizens question the authenticity of the data.

The EU has been completely infected by India's influence, surpassing China in nominal GDP

Recently, the EU has started popping champagne, celebrating the fact that its GDP has surpassed China's—though this is only "nominal GDP."

Nominal GDP refers to the calculation of a country's gross domestic product using current market prices. It reflects price changes based on current inflation levels and does not adjust for inflation.

For example, if rice originally cost 5 yuan per catty but inflation drives the price up to 20 yuan per catty, nominal GDP would calculate based on the inflated 20 yuan rate.

That’s exactly how the EU calculates its GDP—essentially equivalent to cheating. Since the EU is happy with it, maybe that’s fine too.

Original source: toutiao.com/article/1866936965500931/

Disclaimer: The views expressed in this article are solely those of the author.