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A.steve

Gordon's Growth...

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Brown talks about "economic growth" quite a lot... but, as far as I'm aware, doesn't explicitly explain how he measures economic growth.

It is my guess that he considers the proportional increase in the GDP figures to represent economic growth. If this is the case, surely they must be adjusted for RPI? If so, then haven't we been in a recession for the majority of the decade?

Is there a formal way to calculate economic growth? Does economic growth implicitly consider inflation to be growth? Is it me or Gordon who doesn't understand the distinction?

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Brown talks about "economic growth" quite a lot... but, as far as I'm aware, doesn't explicitly explain how he measures economic growth.

It is my guess that he considers the proportional increase in the GDP figures to represent economic growth. If this is the case, surely they must be adjusted for RPI? If so, then haven't we been in a recession for the majority of the decade?

Is there a formal way to calculate economic growth? Does economic growth implicitly consider inflation to be growth? Is it me or Gordon who doesn't understand the distinction?

I think that GDP calculations take inflation into account; there's a factor (which isn't RPI) which adjusts them,

Peter.

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In an attempt to avoid the word recession - get ready for Gordon and others to start referring to negative growth.

Its all about the language,

F

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Furby, That avatar is the bomb.....

I like those .pl girls myself.....

MMMM! Ines...........................

lol - indeed.

Check out the so pretty link on my sig - stick with it....

hahaha

F B)

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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