"How the iPhone 5 Could Bolster the G.D.P."

[madsci954]

http://economix.blogs.nytimes.com/2...could-bolster-the-g-d-p/?partner=yahoofinance

Amazing how once simple product can have an effect on the economy.

 

[LFSimon]

Increase USA GDP - NOT! Increase Chine GDP - Yes

Now wait a minuite! Sales of iPhone's should have no impact at all on the USA GDP, it is not a USA product.

Definition of 'Gross Domestic Product - GDP'

The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.

Read more: http://www.investopedia.com/terms/g/gdp.asp#ixzz26GZMXMoK
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iPhones are made in China!