RSS Feeds Feeds: Articles | Issues
Articles About TAP Subscribe Donate
TAPPED  |  Beat the Press

Remember Me
Forgot your password?

The symbol identifies content for paid subscribers only.


 


Dean Baker's commentary on economic reporting

Can NPR Reporters Say "Trillion Dollars" Like Normal People?

They seem to always have a need to emphasize the "tr" in some peculiar way. Perhaps they have difficulty with big numbers. The latest problem stems from a discussion of handling the cost of President Obama's health care reform proposal over the next decade.

Since NPR has a problem pronouncing the word "trillion," maybe it should just say "half of one percent of GDP." This would likely be more meaningful to listeners and would perhaps be easier for NPR reporters to say.

--Dean Baker



COMMENTS

Dean,
U.S. GDP is $14 trillion according to BEA. So half of one percent of GDP would be like $70 billion, not $1 trillion. $1 trillion is something like 7% of GDP. -Tim

Tim,

You're assuming the $1T is all paid in one year, which is decidedly *not* the plan.

So, 0.5% of GDP is ~$70B/yr, I believe.

The $1 trillion figure is a 10-year figure. By the end of the 10 year period, GDP will be $23 trillion, so $1 trillion is equal to about 0.5 percent of GDP over this period.

Umm, aren't you off by an order of magnitude? 1 out of 23 is closer to 5% than 0.5%, I'm pretty sure. I would have rounded to 4% myself.

Umm, never mind - I just got that you meant 23 trillion per year, not 23 trillion over the entire 10 year period. Whew, it really is hard to conceive of just how big the economy is! Please keep trying to give us (and more importantly, reporters) a sense of proportion on these numbers!

Post a comment


Renew your print subscription or e-subscription.
Get an e-subscription for $14.95.
Give the gift of political insight. Send The American Prospect to a friend.
Change your email address or street address.
YES! I want to receive The American Prospect
— the essential source for progressive ideas.
Explore The American Prospect's award-winning investigative journalism and provocative essays in a free trial issue. Continue receiving The American Prospect at only $19.95 for a one-year subscription - a savings of 60% off the newsstand price!
First Name
Last Name
Address 1
Address 2
City
State
ZIP     
Email

Should you decide not to continue receiving the magazine after the initial free issue, simply write "cancel" on the invoice and you will not be billed.

© 2009 by The American Prospect, Inc.  |  Privacy Policy  |  Permissions and Reprints