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Politics : Foreign Affairs Discussion Group
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To: Maurice Winn who wrote (163978)6/10/2005 1:19:19 PM
From: geode00  Read Replies (2) of 281500
 
A wiser person said:

"comparing spending and GDP is a matter of apples and oranges. GDP is sum of all money that is changing hands. There a multiplier factor attached (typically 5x-10x) to it which is roughly around 10 if the spending change comes at the bottom level of economy.

In other words, the cange $1000 in spending at the bottom echelon of society translates into a change of $10,000 in GDP. Viewed this way, that $1000 per capita is at least 12% of GDP which is no chum change."
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