Dan the Roman
liberalrepublican
Sr. Member
Posts: 2,619
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« on: August 03, 2008, 07:22:43 PM » |
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I don't think the statistics are wrong, they are just incomplete. For instance they don't correct for population growth. A big deal is made in conservative media about how "socialist" Europe dosen't grow, but what is not mentioned is that the population in many of these countries is actually falling, so growing by 1.2% when your population is falling is actually increasing per capita GDP.
Ditto for the US. The statistics only show whether the total GDP of the US grows or not, but if it isn't growing at all we're in big trouble because the US population is increasing and at a fairly decent place.
Which is why per capita gdp growth might well be a better measure of economic health.
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