mmm mmm mmmm and again mmm mmm mmmm and to quote yourself
"GDP not that much bigger than Oz"
mm mmm from high school economics - watso still recalls that GDP is the value of all goods and services blah blah .. but how is that priced ..
the other day, watso posted a post which included the price of petrol in russia - which was a fraction of the american price ..
american gdp is a value which takes into account the price that americans pay for their petrol/gas and foodstuffs etc etc
the russians pay a lot less for the same items - so of course their gdp would be lower ..
(ok it has been a long time since watso studied economics at the post graduate level - so happy to be corrected - and watso is not remotely as smart as what he used to be ) ..
PAUL KEATING - BARELY MATCHED WATSO AS AN INTELLECTUAL GIANT IN WATSO'S PRIME ..
(And watso stills considers keating to be an intellectual giant- but sadly watso is well past his prime )
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