3 ms·
If a US resident (citizenship is irrelevant) buys Chinese goods, the money spent does not contribute to US domestic production, income, or expediture. The incom
by jltsiren 4y ago
If a US resident (citizenship is irrelevant) buys Chinese goods, the money spent does not contribute to US domestic production, income, or expediture. The income they use to pay for the goods is based on domestic production / expenditure.
The velocity of money is the ratio of GNI to money supply. I don't see how it's relevant here.
- adam_arthur 4y ago
- dang 4y agoCan you please not post like this, or like the comment upthread? If you know more than others, that's great, but in that case, please share some of what you know so the rest of us can learn, and definitely please don't put down those who know less, even if you find them annoying sometimes. https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sort=byDate&type=comment&query=share%20know%20learn%20by:dang https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sor...