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To: BfloGuy

For the past 30 years China has averaged 10% growth per year. That’s 19 times the size in 30 years.

China has a billion people

You say the U.S. economy is 3x that of china

So you are saying that the U.S. had 19 x 3 = 57 times the size of China’s 30 years ago.

So you are saying 30 year ago the U.S had an economy 57 times the size of a country that has a billion people. That’s totally ridiculous. China has a much larger economy than the U.S.


293 posted on 07/30/2012 4:54:26 PM PDT by rurgan (Sunset all laws at 4 years.China is destroying U.S. ability to manufacture,makes everything)
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To: rurgan
So you are saying that the U.S. had 19 x 3 = 57 times the size of China’s 30 years ago.

That only works if the US had the same sized economy 30 years ago as we do now. Another math fail on your part.

That’s totally ridiculous. China has a much larger economy than the U.S.

Your claim is totally ridiculous.

296 posted on 07/30/2012 5:01:19 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: rurgan
So you are saying 30 year ago the U.S had an economy 57 times the size of a country that has a billion people. That’s totally ridiculous.

Yes, that's what I'm saying. You vastly overestimate the size of the Chinese economy and you vastly underestimate the economic might of the United States. It will take forty or fifty years at current growth rates for Chinese GDP per capita to even approach that of the U.S..

China has a much larger economy than the U.S.

Based on what? Your feelings? The statistics are there -- you've even quoted some of them. China's GDP is a little more than 1/3 that of the U.S..

What's so hard about that to understand? I mean, you can look up the numbers yourself. Or do you prefer to remain in your ignorant fog?

323 posted on 07/31/2012 4:18:25 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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