5 ms·

Isn't this best explained by inflation. It seems like this implies that inflation adjusted GDP/energy remained pretty constant

• usefulcat 4d ago
  Those numbers are in units of "Consumption per Real Dollar of GDP", which is defined as follows: "Calculated as energy consumption divided by U.S. gross domestic product in chained (2017) dollars". I don't know exactly what it meant by "chained", although from the context it does sound as though it might mean something like "inflation adjusted".
  • dismalaf 4d ago
    > I don't know exactly what it meant by "chained" It does mean they tried to eliminate inflation as a factor. In my experience though the basket of goods used for inflation calculations do a poor job representing the majority of consumers' and businesses' costs.
  • TrainedMonkey 4d ago
    I am getting more and more peeved by using GDP as a single number. Cost of existing, aka housing and healthy food, skyrocketed compared to median income. But hey, the tech got cheaper.