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“ The cost of building a so-called North Sea Enclosure Dyke, estimated at between €250bn and £500bn, amounts to barely 0.1% of the combined GDP of all the count
by jdkee 7y ago
“ The cost of building a so-called North Sea Enclosure Dyke, estimated at between €250bn and £500bn, amounts to barely 0.1% of the combined GDP of all the countries that would be protected by it, they calculate.”
That would mean those countries GDP is estimated at 250 to 500 trillion pounds or 320 to 645 trillion dollars
France 2.6 trillion, england 2.75 trillion, Scotland 202 billion, Netherlands 826 billion. Or about 6.4 trillion dollars per Wikipedia.
- alex_stoddard 7y agoThis seems like two examples of errors converting decimal fractions to percentages in hacker news in one day. Very roughly it looks like they should have said 0.1 or 10%. 10% of combinded GDP is very much not an easy investment to make!
- aargh_aargh 7y agoMaybe they're calculating the cost over a 100 years while keeping today's GDP as a yard stick. Though nothing in the article indicates so.