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To: Skeeter Bug who wrote (129351)	7/30/2001 8:04:45 PM
From: GST	Read Replies (1) \| Respond to of 164684

SB: Lets untangle some of the things you are rolling up in a ball. If my car goes 20 miles to the gallon and I buy a new one that gets 30 miles to the gallon, the new car is more efficient. Now, knowing that, how many miles will I drive? You cannot say. The miles I get to a gallon gives you no way to predict how many miles I will drive. These are separate issues. But if I have a gas budget of $1,000, I can now drive farther with my new car than I could with my old car -- that is a fact. Productivity growth is NOT the same thing as GDP growth. One measures efficiency and the other measures output. You might use GDP in calculating productivity, just as you might use the number of miles I drive and the gas I have used to see what kind of mileage I am getting. But you cannot predict how many miles I will drive simply by knowing how many miles to the gallon my car will go -- it is that simple.