c**i
发帖数: 6973 | 1 (1)
(a) On Jan 20, China released its real growth rate:
(i) 4Q10 up 9.8%, and
(ii) the entire year up 10.3%.
(b) On Jan 31, 2011 Taiwan released its set of real growth rate
(i) 4Q10 up 6.48%, and
(ii) the entire 2010 up 10.47%.
My comment:
(a) "The word "real" means subtracting inflation from "nominal."
(b) 4Q10 data ended the streak of Taiwan's quarterly GDP growth rate over
China's for the previous quarters (three or four, I can not recall). Still
for the entire 2011, Taiwan's real GDP growth rate surpassed China's for the
first time in more than a decade (how long, I do not know off hand).
(c) Japan has not released its GDP for 4Q10 (and thus 2011).
(2) However, China's offcial data should be viewed with a pinch of salt.
Michael Pettis, How Big Is Chinese GDP? Jan 29, 2011 (an abbreviated version
of his newsletter).
http://mpettis.com/2011/01/how-big-is-chinese-gdp/
Note: A commentator ("Naked Capitalist") suggests one should start mid-page,
from the heading "GDP may also be lower." | h****i
发帖数: 1674 | 2 real does not mean subtracting the inflation rate from the nominal rate. The
GDP deflater is not necessarily equal to the inflation rate.
| v****e
发帖数: 1240 | 3 GDP只能体现腐败，北宋那么高的GDP，没几天就让GDP=0的女真人给灭了 | c**i
发帖数: 6973 | 4 Your mention of GDP deflator suggests you are professional.
"GDP deflator" is defined in macroeconomics as (nominal GDP/real GDP) X 100%
. See section 1 Calculation
in
GDP deflator
http://en.wikipedia.org/wiki/Gdp_deflator
I learn economics as a hobby, on my own. But I am not sure whether you are
correct. See
Frequently Asked Questions (FAQs). Bureau of Labor Statistics (BLS), US
Department of Labor, undated.
http://www.bls.gov/dolfaq/bls_ques6.htm
("Question: Is the Consumer Price Index (CPI) the best measure of inflation?
")
The
【在 h****i 的大作中提到】
: real does not mean subtracting the inflation rate from the nominal rate. The
: GDP deflater is not necessarily equal to the inflation rate.
:
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