Thread: Economics The Fiscal Cliff Approacheth
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Old 07-23-2012, 10:58 AM   #34
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Quote:
Originally Posted by FD View Post
No, they are exactly the same. Read my last post, its percentage points, not percent.
That's not what direckshame's post said. It didn't say points, it said only percent, which are two totally different things. Correct? Or am I the real mathidiot here... totally possible. An almost 4% percentage point swing in either direction would be drastic for the GDP agreed?

The CBO estimates that the total effect of these provisions is a 3.9 percent reduction in the growth rate of GDP next year — enough to make the year’s total growth rate negative, plunging the country back into recession.
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