[WS:] This is true only nominally. In reality, these remittances are likely to be spent on goods and services, and thus enter the GDP as value added of the production and distributions of these goods and services.
Wojtek
On Fri, Mar 12, 2010 at 9:04 PM, Shane Mage <shmage at pipeline.com> wrote:
>
> On Mar 12, 2010, at 11:55 AM, Chris Doss wrote:
>
>> Some quick and dirty internet research reveals that anywhere from a
>> quarter to one third of the GDP is based on remittances and investment by
>> Armenians living outside the country
>>
>
>
> Remittences from noncitizens are not part of the GDP
>
>
>
> Shane Mage
>
> The communist creed: From each according to his ability, to each according
> to his need.
> The capitalist creed: From each according to his gullibility, to each
> according to his greed.
>
> Joe Stack (1956-2010)
>
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