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Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487]
Is this some sort of reflex? Every time someone mentions GDP, you ask "do you know what the four components of GDP are?"
Not only did I explain TWICE last week that I know what the components of GDP are, I even made a post pointing out how exports and imports are treated should be an indicator, and how on that basis GDP should not be treated as the end-all and be-all of economic indicators.
Not only am I aware that exports increase GDP, and that imports decrease GDP, I'm aware that a significant part of the Q1 drop was due to a drop in exports.
And here it is, for the third time:
1) Personal consumption
2) Business investment
3) Government spending
4) Net trade (exports minus imports)
Good griefDo you realize that a trade deficit still is a reduction in GDP. Do you know what the four components of GDP are and what they contribute?
Is this some sort of reflex? Every time someone mentions GDP, you ask "do you know what the four components of GDP are?"
Not only did I explain TWICE last week that I know what the components of GDP are, I even made a post pointing out how exports and imports are treated should be an indicator, and how on that basis GDP should not be treated as the end-all and be-all of economic indicators.
Not only am I aware that exports increase GDP, and that imports decrease GDP, I'm aware that a significant part of the Q1 drop was due to a drop in exports.
And here it is, for the third time:
1) Personal consumption
2) Business investment
3) Government spending
4) Net trade (exports minus imports)