rvp20182:
Measuring GDP is done by statistician.It simple counting of beans,

So it has nothing to do with economics?

GDP is actually the measure of economic activities and well-being. So there a lot of social activities that get measured. For example, gov services - like providing education, sewage, street cleaning, prison services - are not really economic activities like growing millet - but GDP tries to capture them. You could say GDP is the measure of all "human" activities in a country.

Danielnino00:



So it has nothing to do with economics?

rvp2018:
GDP is actually the measure of economic activities and well-being. So there a lot of social activities that get measured. For example, gov services - like providing education, sewage, street cleaning, prison services - are not really economic activities like growing millet - but GDP tries to capture. You could say GDP is the measure of all "human" activities in a country.

You are going around in circles..
U and your houseboy said "GDP has nothing to do with economics" isn't that it ?

Check your revised budget - where oil price is adjusted 25 dollars - although you didn't adjust the quantities to 1.4m as agreed with OPEC.

If you nock out 1/4 of the 1.94 of the oil barrels as agreed with OPEC - then Nigeria deficit GROWS and we start hearing VENEZUELA!!!!!!!!!

Federal Government of Nigeria has said that it would finance the N5.36 trillion budget deficit through domestic, foreign loans and proceeds from privatisations. This was disclosed by the Minister of Finance, Zainab Ahmed after the Federal Executive Council meeting on Wednesday.

The Minister told Reuters that the cabinet approved a revised budget of N10.52 trillion at the meeting, against the N10.59 trillion approved earlier. Ahmed added that expenditures related to COVID-19, which was not included in the budget, has been added to it.

The revised budget, which requires the approval of the National Assembly, was based on assumption that crude oil price would be at $25 per barrel, the output of 1.94 million barrels per day and an exchange rate of N360 to $1.

samorobo:
.
.
You incorrigible bastard...our deficit is 2.1 trillion idiot...
.oh I forgot,its all about the weight of the argument..

It's more statistics than economics. Economics is stuff like fiscal and monetary policies. That requires economists. They determine what the ideal base rate? what is ideal inflation rate, such kind of stuff - are economic domain.

GDP is the domain of Mathematicians or Statisticians - Yemi Kale knows ZERO economics - but he knows how to count stuff (And pad figures in the very corrupt Nigeria).

Danielnino00:


You are going around in circles..
U and your houseboy said "GDP has nothing to do with economics" isn't that it ?

rvp20182:
Get us the number of poor Nigerians..they are in 100m.

then what are the numbers of poor Kenyans? How many Kenyans have up to 100k shillings in their account before they will even talk about millions. They are talking about countries you are bringing in Kenya.

Danielnino00:


You are going around in circles..
U and your houseboy said "GDP has nothing to do with economics" isn't that it ?

oga, bone that mugu jor.

rvp20182:
Measuring GDP is done by statistician.It simple counting of beans,

Its funny....I had economics and statistics as a subject when i was studying Chartered Accounting...........strangely we learned GDP calculations in economics not statistics.....................Must be our much inferior Universities since GDP is statistics obviously not economics

You can go to Wharton school of business like Donald Trump Jnr and still end up an idiot. You can go to Yale like George Bush Jnr and everyone knows you're just a dumbo. They go there because of money just like Libya Gaddafi's son got himself a PHD there. Now for you - you neither went to say university of Witwatersrand or Capetown - and yet there is no doubt you're dense. You cannot hide behind great south African universities when you rarely exhibit anything remarkable - nobody even knows you here - because you're just a run of the mill bean counter.

GDP worldwide is calculated by Statisticians. It's like a census. Just counting beans and figuring out the price. Slightly more cerebral than what you do as an accountant or a CFA.

jl115:
Its funny....I had economics and statistics as a subject when i was studying Chartered Accounting...........strangely we learned GDP calculations in economics not statistics.....................Must be our much inferior Universities since GDP is statistics obviously not economics

Guy
go back for your tuition fees what whatever uni high sch and uni you attended.

rvp2018:
You can go to Wharton school of business like Donald Trump Jnr and still end up an idiot. You can go to Yale like George Bush Jnr and everyone knows you're just a dumbo. They go there because of money just like Libya Gaddafi's son got himself a PHD there. Now for you - you neither went to say university of Witwatersrand or Capetown - and yet there is no doubt you're dense. You cannot hide behind great south African universities when you rarely exhibit anything remarkable - nobody even knows you here - because you're just a run of the mill bean counter.

GDP worldwide is calculated by Statisticians. It's like a census. Just counting beans and figuring out the price. Slightly more cerebral than what you do as an accountant or a CFA.

I am a lifelong student. I never graduate. I don't know what you, therefore, mean by going for tuition fees, when I am still studying. Like I earlier told you my career is Software Engineering - and you definitely cannot wash my feet in my career - but trust me I can teach you a lot about your career - whatever it is.

The ultimate aim of any schooling or education is not to impart you with all the knowledge in your field, but whet your appetite for knowledge acquisition. I know you're typical African - who last read a book when he graduated.

Don't be proud of your ignorance. Pick a book and read it. Or even watch youtube videos.

Just30:
Guy
go back for your tuition fees what whatever uni high sch and uni you attended.

jl115:
Its funny....I had economics and statistics as a subject when i was studying Chartered Accounting...........strangely we learned GDP calculations in economics not statistics.................... Must be our much inferior Universities since GDP is statistics obviously not economics

Be ready to argue with rvp2018 over what a new formed foetus already know.

Before you assist the South African- tell us about Nigeria - more than 50% budget deficit. Factor the oil price, the OPEC agreed production cuts and the Naira collapse. I am hazarding a guess that Nigeria's budget deficit this year will be 60-70%.

Now does Venezuela ring a bell?

theenchanter:


Be ready to argue with rvp2018 over what a new formed foetus already know.

rvp2018:
Before you assist the South African- tell us about Nigeria - more than 50% budget deficit. Factor the oil price, the OPEC agreed production cuts and the Naira collapse. I am hazarding a guess that Nigeria's budget deficit this year will be 60-70%.

Now does Venezuela ring a bell?

get behind me, dumbo.

I am not gayy. Thanks but no thanks.

theenchanter:
get behind me, dumbo.

rvp2018:
I am not gayy. Thanks but no thanks.

when I say "get behind me", its a figurative expression that means u should stay away from me. I'm not asking u go give me a doggy while I bend low for u.

I can't be teaching u economics and English at d same time.

I have advised you, severally, to use PROPER APPROPRIATE ENGLISH.

get behind (someone or something)
1. To physically position oneself (or be positioned) behind someone or something.
How exactly did the cat manage to get behind the refrigerator?
How did this pen get behind the couch? Did you drop it?
2. To support someone or something.
I'm sorry, but I just can't get behind an initiative that is going to lead to more layoffs.
3. To like or enjoy something.
I know you guys love baseball, but I just can't get behind it—it puts me to

theenchanter:
when I say "get behind me", its a figurative expression that means u should stay away from me. I'm not asking u go give me a doggy while I bend low for u.

I can't be teaching u economics and English at d same time.

rvp2018:
I have advised you, severally, to use PROPER APPROPRIATE ENGLISH.

get behind (someone or something)
1. To physically position oneself (or be positioned) behind someone or something.
How exactly did the cat manage to get behind the refrigerator?
How did this pen get behind the couch? Did you drop it?
2. To support someone or something.
I'm sorry, but I just can't get behind an initiative that is going to lead to more layoffs.
3. To like or enjoy something.
I know you guys love baseball, but I just can't get behind it—it puts me to

thank u for reminding me not to use complex English when communicating with u.... But u don't have to copy/paste all these cos of this.

I won't even use things like "throw up", "kick bucket"..... so u won't think I wanna throw something up, or u're kicking a bucket.

jl115:
South Africa has one of the lowest inflation rates in Africa mate!! You do know this right?

No, man. There are about 20 African countries with inflation rates lower than South Africa.

stop singing the Software engineering nonsense

you know I'm the leader of the park that dont buy it.

You are an unemployed poor Kibera boy



when you are done, come for free software engineering tutorials
i can see your ambition is to be one.

rvp2018:
I am a lifelong student. I never graduate. I don't know what you, therefore, mean by going for tuition fees, when I am still studying. Like I earlier told you my career is Software Engineering - and you definitely cannot wash my feet in my career - but trust me I can teach you a lot about your career - whatever it is.

The ultimate aim of any schooling or education is not to impart you with all the knowledge in your field, but whet your appetite for knowledge acquisition. I know you're typical African - who last read a book when he graduated.

Don't be proud of your ignorance. Pick a book and read it. Or even watch youtube videos.

Daejoyoung, how far.... Long time no see.

theenchanter:
when I say "get behind me", its a figurative expression that means u should stay away from me. I'm not asking u go give me a doggy while I bend low for u.

I can't be teaching u economics and English at d same time.

By now you should know that guy, RIP2018 is an idiot and an illiterate rolled into one.

"Get behind me Satan", or "Go away, Satan",
and in older translations such as the King
James Version "Get thee behind me Satan", is
a saying of Jesus in the New Testament. It is
first attested in Mark 8:33, where Jesus is
addressing Peter.

And he is still talking!

Just30:
stop singing the Software engineering nonsense

you know I'm the leader of the park that dont buy it.

You are an unemployed poor Kibera boy



when you are done, come for free software engineering tutorials
i can see your ambition is to be one.

LMAO.
He is jobless.

theenchanter:
thank u for reminding me not to use complex English when communicating with u.... But u don't have to copy/paste all these cos of this.

I won't even use things like "throw up", "kick bucket"..... so u won't think I wanna throw something up, or u're kicking a bucket.

If you tell him to look out, I am sure he would open the door to peep outside the house.

He needs to go to school. Eko agba.

gallivant:


The total debt relief for Zoogeria was 18billion. That is what was reported. End of story.

What was reported was a deal, a big deal in which Nigeria paid off its debt. EOD.

Just30:
stop singing the Software engineering nonsense

you know I'm the leader of the park that dont buy it.

You are an unemployed poor Kibera boy



when you are done, come for free software engineering tutorials
i can see your ambition is to be one.

At best a water vendor . They are cashing it big time now in Nairobi. Many houses are experiencing water shortage therefore such a service now is lucrative.

obaaderemi:
By now you should know that guy, RIP2018 is an idiot and an illiterate rolled into one.

And he is still talking!

I messed up, I swear. I should've known that he's an illiterate in every ramifications.

obaaderemi:
If you tell him to look out, I am sure he would open the door to peep outside the house.

He needs to go to school. Eko agba.

obaaderemi:
LMAO.
He is jobless.

Naija Outback

Water carting has always been big business for them.

The last time i saw a big business like that kind was when i was in Liberia.

vaxx:
At best a water vendor . They are cashing it big time now in Nairobi. Many houses are experiencing water shortage therefore such a service now is lucrative.

Just30:
Water carting has always been big business for them.

The last time i saw a big business like that kind was when i was in Liberia.

Monrovia shouldn't have a water problem, I guess it is due to lack of infrastructure.