Thanks Rich, stand corrected
Good write up, but. Yes, there is a but. Imports don’t subtract from GDP, they are neutral. Imports are included in C and I and are subtracted from X. Timing differences will creep in, but on balance, M’s contribution is neutral.
Thanks Rich, stand corrected
Good write up, but. Yes, there is a but. Imports don’t subtract from GDP, they are neutral. Imports are included in C and I and are subtracted from X. Timing differences will creep in, but on balance, M’s contribution is neutral.