Economy growth 6.4% but how
-
Hi i need some help for my poly project.Singapore's economy is supposed to have grown 6.4% for the whole of last year but i just don't understand how they come up with this 6.4% thing.According to this website
http://app.mti.gov.sg/?id=485#1
the total economy growth is 6.4% but how can this be possible when some sectors have grown more then 6.4%.Can someone help me? -
hmmmm........
-
There are only 2 possibilities:
1) You calculated wrongly.
2) Someone is lying.
-
Originally posted by ditzy:There are only 2 possibilities:
1) You calculated wrongly.
2) Someone is lying. 
They are professional in their field...cannot be wronged.. -
My guess is that the 6.4% is just an average growth of all the industries in Singapore. Take for example the Wholesale and Retail trade industry has rose 10.5%. You must remember that this 10.5% is the growth as compared to its economic development in the previous year for the Wholesale and retail trade sector ONLY. Same goes for the others. When the Utilities industry has an economic growth of 3.5%, it pulls down the average economic growth percentage of the country.Originally posted by YummyGummy:Hi i need some help for my poly project.Singapore's economy is supposed to have grown 6.4% for the whole of last year but i just don't understand how they come up with this 6.4% thing.According to this website
http://app.mti.gov.sg/?id=485#1
the total economy growth is 6.4% but how can this be possible when some sectors have grown more then 6.4%.Can someone help me?
Get my drift? -
3) anyhow put one lah, no one will understand how they calculate it anyway...Originally posted by ditzy:There are only 2 possibilities:
1) You calculated wrongly.
2) Someone is lying. 
-
you need to learn creative accounting just like the 66% win
-
**My guess**
There are different Industries. They all contribute differently to Singapore. Like maybe Service industries contribute 30% while Goods Producing Industries contribute 60%. Maybe the percentage is count accordingly to the ratio it contributes to Singapore economy.
Like although maybe service industries grew 5%.
Goods Producing Industries grew 4%.
The 4% is bigger than the 5% according to the ratio which is 60% to 30%.
Hope you get what I mean. He He. Just my guess.
If you know how it is actually been calculated, tell me ... thanks -
check whether ur father mother other human beings...r all employed..and whether they have good increment...otherwise its BullShyte
-
I thought it should be SELECTIVE accounting ???Originally posted by LinYu:you need to learn creative accounting just like the 66% win -
some sectors grow mroe but some sectors grow less or even negative growth mah. then must do weightage alsoOriginally posted by YummyGummy:Hi i need some help for my poly project.Singapore's economy is supposed to have grown 6.4% for the whole of last year but i just don't understand how they come up with this 6.4% thing.According to this website
http://app.mti.gov.sg/?id=485#1
the total economy growth is 6.4% but how can this be possible when some sectors have grown more then 6.4%.Can someone help me?
-
Originally posted by gd4u:I thought it should be SELECTIVE accounting ???
Tell me earlier, I already said that they are professional...Please select a better timing to tell us.. Out to shame me is it?
The figures must be traceable true even if you claimed selectively done. -
OK, sry, my fault ...Originally posted by king108: Tell me earlier, I already said that they are professional...Please select a better timing to tell us.. Out to shame me is it?
The figures must be traceable true even if you claimed selectively done. -
Sorry also must explain.Originally posted by gd4u:OK, sry, my fault ... -
I tot I heard that before I voted....Originally posted by ditzy:Sorry also must explain. -
Originally posted by gd4u:OK, sry, my fault ... 1st world country citizen will forgive fellow citizen...
-
Originally posted by ditzy:Sorry also must explain. Need not explaination, he had been forgiven..selectively can?
-
anybody pro in econs care to enlighten us on this topic?
-
it means that this years revenue is 6.4% more than last year.
-
comfirm?
-
I know already. Can only compare to last year, not 2004, not 2003, not 2002, only 2005.Originally posted by dragg:it means that this years revenue is 6.4% more than last year. 66% say good score, last time 75% also say good score.