GDP is calculated using expenditure method including consumer goods, investments, government spending, and exports
Calculator converts U.S. dollar value from 1913 to 2024 using CPI data. Offers forward and backward flat rate inflation calculators. Historical inflation rates typically hover around 3% in developed countries
Both arose from Industrial Revolution worker exploitation protests. Both assume government-controlled production and central planning. Both aim to eliminate private property and class divisions
Los Angeles covers 469 square miles in Southern California. City has highest point at Mount Lukens at 5,074 feet. Metropolitan area includes Los Angeles and Riverside-San Bernardino. Population of 3,820,914 as of 2023
Means of production refer to necessary assets for society's production. Includes classical factors (land, labour, capital) and infrastructure. Can be expanded to include distribution and exchange
GDP (PPP) measures domestic production using purchasing power parity. PPP considers local goods, services and inflation rates. More useful for assessing domestic markets than nominal GDP