Quote:
Originally Posted by Bobo Fett
Probably because I don't claim credit?
Bobo Fett, (a) I contend it is as simple as, (unless a nation enjoys effectively full-employment, (i.e. all who want to work generally find employment that more fully tax there capabilities and enables them to support themselves and their dependents), (b) due to a nation's annual trade deficit, (i.e. due to a nation's negative balance of international trade), that nations GDP is less than otherwise.
(c) There's more than a casual relationship between nations' GDP and their population's quality of life. Their population's median incomes, (i.e. labor's slices of the pie), have a greater opportunity to be larger, if the nation's GDP, (i.e. If the nation's pie is larger).
If voters ever generally understand how and why annual trade deficits are generally net detrimental to our nation's economy, I would suggest they
refer to Import certifictes – Wikipedia as among the methods to improve our economy.
Respectfully, Supposn