It’s just as important to give US consumers access to cheap foreign goods as it is to make real GDP bigger.
That’s Bob Hall, here is the explanation, try this too.
by Tyler Cowen on June 23, 2007 at 4:16 pm in Economics | Permalink
It’s just as important to give US consumers access to cheap foreign goods as it is to make real GDP bigger.
That’s Bob Hall, here is the explanation, try this too.
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Maybe I’m dense, but what exactly is wrong with this sentence?
Amen, Bob.
What “this too” story? links please.
Yeah, what’s wrong with the sentance? Do I care if my salary doubles or if everything gets cheaper by half, in therms of how much happiness I can buy?
(I might prefer lower prices to a lower income, with taxes and all that).
If the data is calculated correctly real income should equal real gdp.
They are just two ways to calculate the same thing.
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