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To: Willie Green

"I included reference links to support my assertions."

You avoided the question. Anybody who has taken an introductory economics course knows that what I said about GDP is true. How do you reconcile your implication with that fact? The trade balance is accounted for in other parts of the GDP equation, yet you implied that GDP is reduced by the amount equal to the trade deficit. That is factually false. If you want to see my reference, pick up any Introductory Economics text.


62 posted on 02/18/2005 10:33:49 AM PST by Betaille (Harry Potter is a Right-Winger)
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To: Betaille
The trade balance is accounted for in other parts of the GDP equation, yet you implied that GDP is reduced by the amount equal to the trade deficit.

Yes, anybody familiar with the fundamental bookkeeping techniques invented by Luca Pacioli can make that assertion. But to use that to imply that the Trade Defict doesn't diminish GDP is silly. It's right there in the basic calculation of GDP. Trade Deficits are SUBTRACTED. What don't you understand about that?

74 posted on 02/18/2005 10:49:32 AM PST by Willie Green (Go Pat Go!!!)
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