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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (31347)1/12/2009 6:57:01 PM
From: TimF  Read Replies (1) of 71588
 
You say no, and then you support it with a statement that doesn't contradict or argue against mine.

Goverment GDP percentage change figures are indeed calculated Y-o-Y.

So if a temporary change happens in one year it gets counted as a plus during that year. If its removed the next, then the lower GDP that results is how it gets taken back out the next year.


They do not 'back-out numbers' from PRIOR years' results because of what has happened in THIS CURRENT YEAR.

Never said they did.

Its the previous year had a temporary increase, and its over, then you will have lower numbers in the measured GDP, and that decrease will go in to the next GDP measurement. No backing out of numbers from previous years involved, just calculate the GDP numbers in the normal way, and the temporary gain will be removed as measured GDP drops.
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