Comments on: Misleading numbers http://www.tsheringtobgay.com/economy/2009/misleading-numbers.html Life and Politics in Democratic Bhutan Wed, 08 Feb 2012 10:25:21 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: meme http://www.tsheringtobgay.com/economy/2009/misleading-numbers.html#comment-3418 meme Tue, 17 Nov 2009 08:44:55 +0000 http://www.tsheringtobgay.com/?p=1548#comment-3418 i don't think when a country faces 9.4 percent inflation, it will not have growth rate. inflation is linked to devaluation of money at current rate -- like nu. of 2008 might equal to ch 90 in 2009. but gdp is sum totla of national production. it is comapared with total production last year. and also remember, inflation was for a short period. that didn't last for long. i think it was only one of the months last year country faced that inflation, while other time, it was well. i don’t think when a country faces 9.4 percent inflation, it will not have growth rate. inflation is linked to devaluation of money at current rate — like nu. of 2008 might equal to ch 90 in 2009. but gdp is sum totla of national production. it is comapared with total production last year.

and also remember, inflation was for a short period. that didn’t last for long. i think it was only one of the months last year country faced that inflation, while other time, it was well.

]]> By: Sonam http://www.tsheringtobgay.com/economy/2009/misleading-numbers.html#comment-3389 Sonam Fri, 06 Nov 2009 14:49:18 +0000 http://www.tsheringtobgay.com/?p=1548#comment-3389 Never assume things: Assumption is the mother of screw-ups! Never assume things: Assumption is the mother of screw-ups!

]]> By: Tshering Tobgay http://www.tsheringtobgay.com/economy/2009/misleading-numbers.html#comment-3385 Tshering Tobgay Fri, 06 Nov 2009 06:50:41 +0000 http://www.tsheringtobgay.com/?p=1548#comment-3385 Dear Sonam: Thank you for the important correction. You are correct. Kuensel had reported a GDP growth rate of 5%, and I assumed that that was at current prices. The National Statistical Bureau confirms that 5% is a constant growth rate at 2000 prices. I offer Dr Saamdu my complete and unreserved apologies for writing that what he said in Kuensel was <em>"misleading", </em>and for calling him a <em>"spin doctor".</em> Tshering Dear Sonam:

Thank you for the important correction. You are correct. Kuensel had reported a GDP growth rate of 5%, and I assumed that that was at current prices. The National Statistical Bureau confirms that 5% is a constant growth rate at 2000 prices.

I offer Dr Saamdu my complete and unreserved apologies for writing that what he said in Kuensel was “misleading”, and for calling him a “spin doctor”.

Tshering

]]> By: Sonam http://www.tsheringtobgay.com/economy/2009/misleading-numbers.html#comment-3384 Sonam Fri, 06 Nov 2009 05:59:42 +0000 http://www.tsheringtobgay.com/?p=1548#comment-3384 Hey Hey Hey! It is very IMPORTANT to keep in mind that the growth rate figure reported are already adjusted for inflation. For an example, if the GDP was calculated to be 4% higher than previous year and the inflation was calculated as 2% during the same period of time, the GDP growth will be reported as 2% ( i.e 4 - 2 ). This is just an overall concept, there are so many factors involved in reporting the growth rate. It does not make much sense when a person refers to another person as "spin doctor" without actually understanding the concepts behind the issues. Hey Hey Hey!

It is very IMPORTANT to keep in mind that the growth rate figure reported are already adjusted for inflation. For an example, if the GDP was calculated to be 4% higher than previous year and the inflation was calculated as 2% during the same period of time, the GDP growth will be reported as 2% ( i.e 4 – 2 ). This is just an overall concept, there are so many factors involved in reporting the growth rate.

It does not make much sense when a person refers to another person as “spin doctor” without actually understanding the concepts behind the issues.

]]>