Thread: Cyprus resists?
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Old 2013-03-25, 12:52   Link #80
willx
Nyaaan~~
 
 
Join Date: Feb 2006
Age: 40
Okay, guys, I'm not talking about false statistics. Who here has taken advanced macreconomics courses? Basic macro? How do we measure GDP?

GDP (Y) is a sum of Consumption (C), Investment (I), Government Spending (G) and Net Exports (X – M).
Y = C + I + G + (X − M)

So when a government overspends by borrowing money, even at unsustainable levels, that spending is accounted for in GDP. I'm not saying that Greece's GDP was uniquely inflated. I'm saying the last decade of buoyant global economic growth was overstated. I've made this argument before whenever Bill Clinton talked about presiding over the longest period of economic growth in US History.

THE GROWTH WAS NOT REAL. IT WAS NOT REAL HERE EITHER.
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