Yes, but then I've seen a real 2" * 4". Today they are using the same code as "Quarter Pounder" (Weight before cooking) The lumber is cut to 2" * 4" then planed down 1/4" on all four sides leaving 1.5" *
3.5". Have you ever seen 14" * 14" hand hewn oak beams used as the corner posts in the corners of a house? A house I had in Ohio was built with them. A 6" * 6" notch was cut into the inside corner, and the studs were hand hewn 2" * 6" oak. they were over 100 years old and you couldn't drive a nail into them. I had to drill pilot holes for drywall screws when I replaced the damaged wood lath & horse hair plastered walls with 4' * 12' sheets of drywall.