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To: Ilaine who wrote (88459)	4/2/2001 11:41:54 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 436258

>>GDP measures spending, pure and simple. How do I know? Because I'm looking at a table for Gross Domestic Product right here.<< no it doesn't. garbage in, garbage out. chained dollars are not spent. they don't exist and they have made up about 50% of gdp growth in recent history (not sure about the number today). so, it is spending + whatever the govt decides to add for good measure. there is a BIG difference. my understanding is that when the govt reports productivity growth / worker it is the same (or tracks extremely close to) as gdp growth / number of workers. or, simply, amount of growth in dollars created by each worker bee. if this isn't true, please enlighten me. once they rigged gdp, productivity went through the roof. every commentary i've read related the productivity miracle to the manipulation of gdp.