http://www.discusseconomics.com/global-economics/global-economic-gdp-questions/ Topics including: credit crunch, recession articles, personal finances, debt management, interest rates, cash flow, micro and macroeconomics. Tue, 23 Feb 2010 19:37:12 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.discusseconomics.com/global-economics/global-economic-gdp-questions/comment-page-1/#comment-23303 amir Sat, 17 Oct 2009 21:20:57 +0000 http://www.discusseconomics.com/?p=739#comment-23303 Basically, it's quite simple, if you are familiar with the steady state theory, it implies that countries that are developing generally have a higher growth rate than those who are already well off. In other words, for the U.S. to see a dramatic increase in GDP, the only long run factor which increases income/GDP (gdp (total expenditures = total income) is technological growth. In regards to China lowering their GDP rate...I don't think they want to in a sense actually lower it but by imposing a population restriction, then GDP per PERSON rises however it remains constant/falls in the long run as a whole. Basically, it's quite simple, if you are familiar with the steady state theory, it implies that countries that are developing generally have a higher growth rate than those who are already well off. In other words, for the U.S. to see a dramatic increase in GDP, the only long run factor which increases income/GDP (gdp (total expenditures = total income) is technological growth. In regards to China lowering their GDP rate...I don't think they want to in a sense actually lower it but by imposing a population restriction, then GDP per PERSON rises however it remains constant/falls in the long run as a whole.

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