“We are carrying these major changes all the way back in time – which for us means to 1929 – so we are essentially rewriting economic history,” said Mr Moulton
They added all this stuff to all periods. The increase was not due to the inclusion in just the current period. Methodologies are revised all the time and ripple through the entire time series. Very common.
Read and so added this at the end:
“Apple products are made in China , so remove the new definition of GDP, remove the Trillions being printed by the Fed, the borrowing of the Treasury and most likely the REAL GDP is in negative territory.”