In other words, if we were calculating growth in terms of nominal spending then economic growth, to mean anything has, that nominal spending has to be adjusted to inflation, to give the inflation-adjusted value of total wealth. The inflation-adjusted value of a given amount of wealth is essentially the amount of wealth itself. For the purposes of comparison, to be able to give some measure to it, the value assigned to that wealth is indexed to what the assessed value of that wealth (what it would sell for) would be equal to in an “anchor year”.
As I have said before I occasionally model for artists and art students. During painting sessions that might last for as many as four weeks, it is sometimes difficult to remember a pose exactly. I allow an instructor or artist to take detailed photographs of me nude in order to reproduce the exact pose the following session, I went to use the bathroom at City Hall and there was a hobo masturbating in the next stall over..I could see a little from the door crack.and he was standing up wanking off facing the toilet… The sounds he was making was unmistakable.. it was totally obvious what he was doing. Even other men who walked in to use the bathroom noticed what he was doing.