werton34
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| Joined: 05 Aug 2009 |
| Total Posts: 5388 |
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| 08 Aug 2011 01:45 PM |
| I'm getting kerfuzzled. Please explain |
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| 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
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| 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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| 08 Aug 2011 01:50 PM |
So how nuch it is all worth? ___ Which country? |
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werton34
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| 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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| 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
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| Joined: 05 Aug 2009 |
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| 08 Aug 2011 02:10 PM |
| I'm confused again. What is the country's economy? |
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| 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
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| 08 Aug 2011 03:53 PM |
they collect money from goods and services purchased ------------------------ You mean VAT? |
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| 08 Aug 2011 03:54 PM |
| ^Sales Tax, VAT Tax either way, that's what he means. |
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| 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
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werton34
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| Joined: 05 Aug 2009 |
| Total Posts: 5388 |
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| 08 Aug 2011 03:57 PM |
| All I know is that a big GDP = good and low GDP = bad |
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