C = Consumer SPENDING I = business Investment G = Government spending (on things like defense & infrastructure & unemployment insurance) (E - I) = Exports - Imports = balance of trade... and I've not heard ANY GOP candidate propose ANYTHING that encourages my wife & me to SPEND $$$ in our local economy. For what it's worth - WE DO IT ANYWAY! - even without govt assistance. We hire out ALL the work around the house. ... we hire it out to LOCAL FOLKS, who then go out and SPEND the $$$ we pay 'em. WE are "job creators". That "Consumer spending" piece of GDP? It's 70% of the total! For a strong economy, CONSUMERS need $$$ to SPEND!a STRONG DOLLAR - which every GOP candidate wants - mitigates AGAINST balance-of-trade! If the dollar is STRONG, nobody buys our stuff!
Thursday, February 11, 2016
GDP = C + I + G +(E - I)