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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
by 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 agoApparently 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 ago2 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.