Augustine2004
November 25th 2007, 10:47 PM
Two possible different news reports:
A. The Federal government reported today that real GDP increased 300 trillion dollars year to year [about $100,000 per person]. . . . The National Council of Businesses reported that aggregate profits increased by only one billion dollars year to year.
B. The Federal government reported today that real GDP increased only 3 trillion dollars year to year. . . . The National Council of Businesses reported that aggregate profits increased by only ten billion dollars year to year.
Which economy as represented by the above reports is in better shape than the other, other things being approximately the same?
I won’t reveal my answer until this thread gets several replies. After I reveal my answer, I’ll relay a report on national savings, net investments and profit margins. Are these 3 things at all time highs? All time lows? Or in between?
A. The Federal government reported today that real GDP increased 300 trillion dollars year to year [about $100,000 per person]. . . . The National Council of Businesses reported that aggregate profits increased by only one billion dollars year to year.
B. The Federal government reported today that real GDP increased only 3 trillion dollars year to year. . . . The National Council of Businesses reported that aggregate profits increased by only ten billion dollars year to year.
Which economy as represented by the above reports is in better shape than the other, other things being approximately the same?
I won’t reveal my answer until this thread gets several replies. After I reveal my answer, I’ll relay a report on national savings, net investments and profit margins. Are these 3 things at all time highs? All time lows? Or in between?