During his ramblings yesterday, Trump made a reference to GPP rather than GDP. No one listens to that closely necessarily and sure enough, a journalist making comment after the president's words used the abbreviation GDP.
Trump will use that subtle difference to state it is fake news and if in debate and the fact comes up he made an observation during his NATO photo-op GDP, Trump will be able to embarrass, humiliate and make a mockery of someone who misquoted him.
There is a difference between GPP and GDP. GPP is not used that widely except in Liberal political circles. However, when Trump strays from the mainstay of language to these obscure and rarely used words, he does it with a purpose and it isn't to have the most correct meaning or measure of a country's value. In this instance, Trump is using GPP because it is legitimate and rarely used so he can later leverage that moment of misunderstanding.
GDP (click here)
Gross domestic product is the total value of everything produced in the country. It doesn't matter if it's produced by are citizens or foreigners. If they are located within the country's boundaries, their production is included in GDP....
PPP (click here) and GPP is a spin off of that.
Macroeconomic analysis relies on several different metrics to compare economic productivity and standards of living between countries and across time. One popular metric is purchasing power parity (PPP)....
I just think it is important to clarify his use/mistakes of language when it happens rather than to allow it to grow and become a leverage point to unwitting people. Thank you.
