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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: steve dietrich who wrote (503040)	12/3/2003 3:42:59 PM
From: sea_biscuit	Respond to of 769670

This is from an article "STATISTICAL REVISIONISM AND WIZARDRY" : "Over-stating U.S. Productivity Accounting gimmicks also overstate U.S. productivity figures. Productivity is simply the increase in total output as measured by GDP, divided by the increase in total hours of labor used to create that output. Recently, those numbers have been remarkable. Tinkering with the GDP Deflator, and adding the Hedonic Deflator have artificially enhanced the actual GDP numbers. The larger the GDP number in relation to the total hours of labor, the higher the rate of productivity. "