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Re: Howw does GDP and national debt work?

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werton34 is not online. werton34
Joined: 05 Aug 2009
Total Posts: 5388
08 Aug 2011 01:45 PM
I'm getting kerfuzzled. Please explain
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commander126 is not online. commander126
Joined: 30 Oct 2008
Total Posts: 6376
08 Aug 2011 01:48 PM
National debt occures when you use too much money cause you fail in economy. The good side in it is that if you have nukes you dont have to pay.

GDP is the value of all services and products developed in a country.
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werton34 is not online. werton34
Joined: 05 Aug 2009
Total Posts: 5388
08 Aug 2011 01:49 PM
GDP is the value of all services and products developed in a country.
----------------------------------------------------------------------------------
So how nuch it is all worth? Please, someone explain it to me basically
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Angstrom93 is not online. Angstrom93
Joined: 22 Sep 2010
Total Posts: 2118
08 Aug 2011 01:50 PM
So how nuch it is all worth?
___
Which country?
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werton34 is not online. werton34
Joined: 05 Aug 2009
Total Posts: 5388
08 Aug 2011 01:58 PM
I mean, is GDP basically how much money each company and business in the country has?
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Angstrom93 is not online. Angstrom93
Joined: 22 Sep 2010
Total Posts: 2118
08 Aug 2011 02:06 PM
GDP is how much the entire country's economy is worth. It's the value of all services and goods produced.
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werton34 is not online. werton34
Joined: 05 Aug 2009
Total Posts: 5388
08 Aug 2011 02:10 PM
I'm confused again. What is the country's economy?
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speckledorfthesecond is not online. speckledorfthesecond
Joined: 02 Aug 2011
Total Posts: 1916
08 Aug 2011 02:41 PM
a breakdown of economy

they collect money from goods and services purchased and taxes. using this money, the government spends it on various things. if they don't have enough money, they occasionally borrow some from other countries. this is why they go into debt.

if i'm thinking right
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werton34 is not online. werton34
Joined: 05 Aug 2009
Total Posts: 5388
08 Aug 2011 03:53 PM


they collect money from goods and services purchased
------------------------
You mean VAT?
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YeldaTheImpaler is not online. YeldaTheImpaler
Joined: 21 Jul 2011
Total Posts: 1623
08 Aug 2011 03:54 PM
^Sales Tax, VAT Tax either way, that's what he means.
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speckledorfthesecond is not online. speckledorfthesecond
Joined: 02 Aug 2011
Total Posts: 1916
08 Aug 2011 03:54 PM
VAT as well i think, but i mean like selling lumber to other countries, oil etc
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werton34 is not online. werton34
Joined: 05 Aug 2009
Total Posts: 5388
08 Aug 2011 03:54 PM
I get things now.
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ProjectNIL is not online. ProjectNIL
Joined: 28 Jul 2009
Total Posts: 3713
08 Aug 2011 03:56 PM
[ Content Deleted ]
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werton34 is not online. werton34
Joined: 05 Aug 2009
Total Posts: 5388
08 Aug 2011 03:57 PM
All I know is that a big GDP = good and low GDP = bad
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