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To: rbmillerjr

Y = C + I + G + (X − M) The definition of GDP. Measured in meaningless created currency by a central bank. But ignoring that, notice the G parameter in the equation.

It’s Government Spending. Every dollar spent gooses Y. Even when that spending is not from taxes raised. It’s also when it is debt, which is about 33% of spending.

So you have this parameter Y defined as increasing when government spends more money, perhaps on food stamps. The more you spend on food stamps, the more your GDP.

You still excited about the GDP metric?


67 posted on 02/22/2022 1:42:06 PM PST by Owen
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To: Owen

Apple’s annual revenues are 1/4 of Russia’s GDP. The sales of Intel outside of America are worth more than Russian export of gas...

Could you provide sources where you read about “Russian superiority” ? Seriously, I want to learn something new...


68 posted on 02/22/2022 2:15:02 PM PST by Grzegorz 246
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