Making Sense of "Made in the USA"
How American manufacturing helps the American economy
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More%20than%20anything%20else,%20the%20core%20of%20the%20"Buy%20American"%20argument%20comes%20down%20to%20a%20kind%20of%20financial%20patriotism%3A%20Buy%20within%20the%20country%20to%20make%20the%20country%20stronger.%20More%20money%20spent%20equals%20more%20jobs,%20which%20equals%20more%20money,%20which%20equals%20even%20more%20jobs,%20and%20so%20on.%20Makes%20sense,%20right%3F%20Or%20does%20it%20seem%20too%20simple%3F<%2Fspan>%0D%0A%0D%0Ahttps%3A%2F%2Fwww.printandpromomarketing.com%2Farticle%2Fmaking-sense-ofandldquo-made-usaandrdquo%2F" target="_blank" class="email" data-post-id="2337" type="icon_link">
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SO WHAT'S GDP HAVE TO DO WITH AMERICAN MANUFACTURING?
GDP and manufacturing connect over how GDP is measured. There are a couple ways to calculate GDP, but when trying to understand manufacturing's role, it's helpful to use the "consumption" model.
The consumption model of GDP is based around the idea that everything a country sells is equal to everything it consumes, i.e., a country and its people do work in exchange for an equal amount of goods and services. Because they're equal (you can only consume what you can buy, you only buy what you can consume), you can calculate a country's GDP if you know what it consumes. The GDP consumption equation looks like this:
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Michael Cornnell
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