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To: rich evans who wrote (62654)4/24/2005 1:21:20 PM
From: Moominoid  Respond to of 74559
 
the underground and illegal immigrant economy would push up the consumption figures and not show up on the disposable income figures

That's an important point, but the GDP expenditure and income figures are closer together than that. So the argument would be that the propensity to consume from black market income is very low compared to that from legal income...