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Government is the largest employer in most economies. 40% of the US' GDP is accounted for by the government, over 50 in Nordic countries. All developing econo
by Mikeb85 11y ago
Government is the largest employer in most economies. 40% of the US' GDP is accounted for by the government, over 50 in Nordic countries.
All developing economies have corruption and productivity issues, the problem isn't that Greece is below the European par, but that they haven't been given enough time, and European creditors set them back a decade.
- thejash 11y agoSorry, could you explain where the 40% number came from? I see 22% (which I calculated as $3.8T US 2015 fiscal budget [1] divided by $16.77T US GDP [2]) [1] https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/ https://www.nationalpriorities.org/budget-basics/federal-bud... [2] https://www.google.com/search?sourceid=chrome-psyapi2&ion=1&espv=2&ie=UTF-8&q=us%20gdp https://www.google.com/search?sourceid=chrome-psyapi2&ion=1&...
- Mikeb85 11y agohttp://www.theguardian.com/news/datablog/2012/oct/16/government-spending-countries-gdp http://www.theguardian.com/news/datablog/2012/oct/16/governm... Here you go.