Birdwatch Note Rating
2023-11-30 23:25:02 UTC - HELPFUL
Rated by Participant: B3D494D29F2F97E07936EF36761285BBEF3B14138C1D9144BC5B04C4B305323A
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Original Note:
This is false. Government spending (GS) increased by 5.5%, but did not contribute 5.5% to GDP growth. https://twitter.com/JosephPolitano/status/1730066558028800328 GS is usually ~35% GDP, so a 5% increase in it would increase GDP by around 1.75%. (5% × 35%)* https://tradingeconomics.com/united-states/government-spending-to-gdp *Government spending often fluctuates. This is a rough estimate.
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