Monday, October 26, 2015

Collis Mckenzie, Chapter 9, Question #6

I learned about another way that politicians could potentially use  specific word play to lie without technically lying.  The  idea of GDP versus real GDP is an important distinction to make.  If the nominal GDP increased by 40%, but inflation also increases by 40% then there really isn't any change., but politicians could say that there was massive GDP growth  and be misleading but not technically  lying. It's just more another outlet to mislead people who don't know much about economics. It reinforced  the idea for me that  politics is full of buzzwords that people don't understand.

No comments:

Post a Comment