To: Peter from Rutland
GDP = private consumption + gross investment + government spending + (exports − imports), or
GDP = C + I + G + (e − i)
Take out the G (government spending of borrowed monies) and that equation is negative.
18 posted on
06/01/2011 11:16:10 AM PDT by
voveo
To: voveo; Peter from Rutland
GDP = C + I + G + (e − i) Take out the G (government spending of borrowed monies) and that equation is negative.
Bingo!
48 posted on
06/01/2011 12:08:53 PM PDT by
SW6906
(6 things you can't have too much of: sex, money, firewood, horsepower, guns and ammunition.)
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