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To: central_va

No, I’m not math challenged, thank you.

GDP calculations don’t take into account whether government spending is funded by taxes or by printing money or by borrowing money. Those government expenditures that are included in GDP are simply added to private goods and services produced (by whatever means those are measured).


16 posted on 01/12/2013 6:02:50 AM PST by 9YearLurker
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To: 9YearLurker

We agree then, to get true picture of GDP subtract off that deficit spending. The economy is shrinking....


18 posted on 01/12/2013 6:04:46 AM PST by central_va ( I won't be reconstructed and I do not give a damn.)
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