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Morning Madness: Economic Fundamentals


In 1981, US GDP was $3.1 trillion dollars.

In 1992 it was $6.3 trillion, a double.

In 2005 it was $12.4 trillion dollars, another double.

Doubling in roughly 12-13 years.  Not bad, right?

Let's look at it a different way, this time in "current" (not inflation-adjusted, since GDP isn't) dollars.

In 1981 the per-capita income in the US was $8,476.

In 1992 it was $14,847, a 75% gain.

In 2005 it was $25,036, a 69% gain.

Notice anything?

Its not really that subtle, is it?

GDP slightly more than doubled in each of those above periods, but per-capita income lagged, and the lag rate is increasing

by paving on Wed Jul 15th, 2009 at 03:37:47 AM EST
[ Parent ]
A bit meaningless without comparison to population numbers...

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Wed Jul 15th, 2009 at 05:33:06 AM EST
[ Parent ]

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