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Checking the Depth Gauge; The Economic Downturn
Article from Bulletin/Magazine
The Economist (http://search.proquest.com/) vol. 400 no. 8747 (Aug. 2011)
Gross Domestic Product--GDP
Perpustakaan Pusat (Semanggi)
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Lihat Detail Induk
Financial markets and headline-writers pay a great deal of attention to quarterly GDP growth rates. For citizens of the countries themselves, however, the level of output (and hence income) relative to that before the crisis is what really matters, rather than the rate of growth. If countries are ranked according to the change in real GDP since the end of 2007, Canada tops the league, with output in the second quarter estimated to be almost 3% higher than it was before the crisis. But Canada, like the United States, has a fast-growing population thanks to immigration, whereas the number of Germans and Japanese has started to shrink. GDP per person is therefore a better measure of relative performance.
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