Monday, September 20, 2010

End of the recession?

Maybe not.  It turns out that with government spending forming such a large portion of GDP, the small rise in GDP last year actually was all government spending--and then some.  The private sector actually appears to have shrunk.

Maybe it's time to start counting GDP in terms of the private sector only, and we'd get a better idea of what's really going on.  H/T SCSU Scholars.

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