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> Of every $1 spent in the US, $0.06 goes to Wal-Mart. I do not believe you. How can that possibly be true?

deong 12y ago
I don't know that it is -- I just pulled it from the cited link. The source cites it's own sources, and at a first glance, it seems reasonably well done, but there you go. Oh, and on second thought, maybe it would have been better to say "through" Wal-Mart. They're not making 6% of the all the profit obviously.
svachalek 12y ago
It did sound low so I went to the link and it says 8 cents there.
chrisseaton 12y ago
In the UK it's often stated that £1 in every £7 spent in the UK is spent in Tesco - a large supermarket chain. http://www.telegraph.co.uk/news/politics/8471807/Its-time-Tesco-haters-stocked-up-on-facts.html http://www.telegraph.co.uk/news/politics/8471807/Its-time-Te.... This similarly sounds impossible. Maybe there's some extra constraints they don't mention - just supermarkets, or just consumer spending. I know I certainly don't spend anything like £1 out of every £7 in Tesco, or any other supermarket. For example I'm sure I've spent many times more on buying my house than I will in Tesco in my entire life. This is the sort of thing that More or Less should look at http://www.bbc.co.uk/programmes/b006qshd http://www.bbc.co.uk/programmes/b006qshd.
- justincormack 12y ago
  That must be wrong. Tesco turnover is £63bn, UK GDP is £1550bn, so it is 4% of GDP, which is equal to total expenditure. Your house is misleading, as assuming you borrowed the money, that is other people's deferred expenditure (saved money) which you will pay back later, so that nets out when you pay the money back.
  - tim333 12y ago
    Apparently it's "Tesco is expected to confirm this week that one pound in every seven that is spent in British shops goes through its tills." So house sales not included. http://www.telegraph.co.uk/news/uknews/1548742/1-in-every-seven-now-spent-in-Tesco.html http://www.telegraph.co.uk/news/uknews/1548742/1-in-every-se...
  - lazylizard 12y ago
    2 things. 1. Y = C + I + G + (X − M) . 2. but C is 250838 GBP Million in the first quarter of 2014, 249105 GBP Million in the fourth quarter of 2013. so C is around 1 billion.

deong 12y ago

I don't know that it is -- I just pulled it from the cited link. The source cites it's own sources, and at a first glance, it seems reasonably well done, but there you go. Oh, and on second thought, maybe it would have been better to say "through" Wal-Mart. They're not making 6% of the all the profit obviously.

svachalek 12y ago

It did sound low so I went to the link and it says 8 cents there.

chrisseaton 12y ago

In the UK it's often stated that £1 in every £7 spent in the UK is spent in Tesco - a large supermarket chain. http://www.telegraph.co.uk/news/politics/8471807/Its-time-Tesco-haters-stocked-up-on-facts.html http://www.telegraph.co.uk/news/politics/8471807/Its-time-Te.... This similarly sounds impossible. Maybe there's some extra constraints they don't mention - just supermarkets, or just consumer spending. I know I certainly don't spend anything like £1 out of every £7 in Tesco, or any other supermarket. For example I'm sure I've spent many times more on buying my house than I will in Tesco in my entire life. This is the sort of thing that More or Less should look at http://www.bbc.co.uk/programmes/b006qshd http://www.bbc.co.uk/programmes/b006qshd.

justincormack 12y ago
That must be wrong. Tesco turnover is £63bn, UK GDP is £1550bn, so it is 4% of GDP, which is equal to total expenditure. Your house is misleading, as assuming you borrowed the money, that is other people's deferred expenditure (saved money) which you will pay back later, so that nets out when you pay the money back.
- tim333 12y ago
  Apparently it's "Tesco is expected to confirm this week that one pound in every seven that is spent in British shops goes through its tills." So house sales not included. http://www.telegraph.co.uk/news/uknews/1548742/1-in-every-seven-now-spent-in-Tesco.html http://www.telegraph.co.uk/news/uknews/1548742/1-in-every-se...
- lazylizard 12y ago
  2 things. 1. Y = C + I + G + (X − M) . 2. but C is 250838 GBP Million in the first quarter of 2014, 249105 GBP Million in the fourth quarter of 2013. so C is around 1 billion.