Alex,
The numbers reported are "real gdp" and account for inflation. For example, in the current quarter the rise in GDP was 4.2% accounting for inflation. It was 6.8% otherwise. There is no hidden inflation. It's already accounted for.
Also, imports are a subtraction in the calculation of GDP and they increased so this actually hurt the US GDP.
PS What was the radio show?
Last edited by Colin at May 28 2004, 10:04 AM
|