c**i
发帖数: 6973 | 1 India v China | The X Factor; Which of Asia’s emerging giants grew faster
in 2010? Economist, Apr 20, 2011.
http://www.economist.com/node/18586836?story_id=18586836
("But the IMF’s World Economic Outlook says it’s already happened—without
fuss, fanfare or felicitation. China grew by 10.3% last year; India by 10.4
%. How can that be?")
Note:
(a) Where does IMF say that?
World Economic Outlook | Tensions from the Two-Speed Recovery:
Unemployment, Commodities, and Capital Flows. IMF, Apr 11, 2011.
http://www.imf.org/external/ns/cs.aspx?id=29
In the new web page, you will see Table of Contents of that issue of WEO.
Select Chapter 1, then go to Table 1.1 (IMF does not elucidate).
(b) There are three approaches to measure gross domestic product (GDP:
income approach (used by India), expenditure approach (by China) and value-
added approach.
In the income appraoch, the Economist article mentions "at factor cost." The
"factor" refers to "factors of production," which in economics are defeined
as "land, labor, capital and entrepreneurship."
(c) The article talks about "sales tax" and "indirect tax." Sales tax is a
kind of indirect tax. |
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