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Poland's Economy Is Booming! The EU's Success Story? [711]
I despair.
Couldn't forums put a test on topics, something like, "answer this simple mathematical Question".
Obviously if its a compound interest question 98% of the general population is going to fail it. Sorry, thats a joke you won't get. The vast majority of people don't seem to know how to do junior school maths.
Take 1.66% off that GDP amount and poland's real GDP is a (massaged) 0.9 percent! get your figures right!
... let me spell it out! the 1.66% of their GDP (over 6billion) that is given free of charge to them by the EU.
Poland got the six billions the previous year and every other year for five years. So quite obviously you would have to take off last years figures as well because its a
constant.
Increase in GDP is the increase in the constant base value, the EU money isn't added as growth, it adds to growth which is calculated on the whole of the GDP.
And yes, the EU help makes Polands GDP grow. This is what you give up independence for and Poland did it willingly.
Once the GDP grown it will allow Polish people's wages and the country's standard of living to be the same as other western countries. It will be able to spend money increasing the quality of health care and building its armed forces to defend against invasion.
Absolutely marvelous, and the Poles are very happy about it.