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Technology Stocks : Discuss Year 2000 Issues
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To: flatsville who wrote (3936)2/18/1999 8:47:00 AM
From: flatsville  Read Replies (2) of 9818
 
OK all you economy majors out there (lurking or not,) I need your help. In "The Complacency Peddlers" Victor Prolier states:

"Approximately 20 percent of the U.S. Gross Domestic Product is based on the import/export of raw materials, foodstuffs, components, and finished goods."

Assuming his percentage is correct, should USGDP drop by 3%, 5% or 10% due to y2k disruptions here or abroad what would be (might be?) the resulting % change in the unemployment index?

No...No...No...Let's forget about the potential reason for the drop in USGDP. Let's assume a "perfect world" scenario like we have now <ggg.> The question I'm asking is, "What effect will/does a rise or fall in GDP have on the unemployment rate?" Is there in fact an identifiable and recognized relationship?

Any help with this appreciated.

"flatsville"

P.S.--Now I realize this is only part of the equation...
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