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To: Toddsterpatriot

>> The US makes (GDP) over $13 trillion a year. How do you figure we’re spending more than that on imports?

That’s a good question. The answer is, “I’m not figuring any such thing”.

Consider the equation:

GDP = consumption + investment + (government spending) + (exports - imports)

With your question, you are implying that GDP is somehow all “internal production”. That is clearly not the case.


101 posted on 10/04/2007 8:41:47 AM PDT by Nervous Tick
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To: Nervous Tick
With your question, you are implying that GDP is somehow all “internal production”.

No I'm not. You equate net imports to spending, I'm continuing your idea and equating GDP to income.

107 posted on 10/04/2007 8:47:12 AM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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