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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Skeeter Bug who wrote (88440)4/1/2001 6:30:05 PM
From: GraceZ  Read Replies (2) of 436258
 
you should see this if you exclude the bogus chained dollars (read, not real)

The chained dollar growth was lower not higher. The reason you use constant dollars is to see how much real GDP is growing when you remove the effects of monetary inflation. Say you have 5% inflation and the GDP grows in dollar amounts by 5%, what would you say the real growth of GDP is?
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