Thread: Economics The Fiscal Cliff Approacheth
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Old 07-23-2012, 12:05 PM   #35
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Quote:
Originally Posted by Dallas Chief View Post
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.
The CBO result refers to percentage points, which is what I was trying to clear up. And yes, its quite drastic.
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