Two Cucks, a hen and Demented Joe made this possible.
It’s hard to talk about this stuff because eyes just glaze over.
GDP = C(onsumption) + G(overnment Spending) + I(nvestment) + (exports - imports
That’s it. That’s the equation. We are running $1.8T deficit this year. That’s spending minus revenue (revenue causes a decline in I and C in the equation). So that deficit adds $1.8T to our $27T number.
DON’T TUNE OUT. Almost done. The $27T total GDP number is multi year. That $1.8T number is JUST THIS YEAR.
Russia quoted number is probably accurate, and it means nothing, just as our own means nothing. The measurement units are dollars or rubles and both are created whimsically by central bank.
And no, don’t quote the dollar/ruble ratio. That is determined in currency exchange markets — located outside Russia. There is no reason to think anything is legit and logical. Why would it be legit and logical?