This should come as good news to the entertainment industry in face of current economic conditions. The article from the Live Science can be found here.
The scary thing the article points out is that "happy people reported watching an average of 19 hours of television per week"!
Just for a quick update on our current financial situation:
|
| US | China |
GDP |
| 13.78 | 7.09 |
GDP real growth rate |
| 2.00% | 11.90% |
Unemployment |
| 4.60% | 4.00% |
Public Debt as a % of GDP |
| 60.80% | 18.40% |
These figures are taken from the CIA World Factbook on 11/15/2008. These of course are not the most recent figures since the BLS has unemployment for the US currently at 6.5%. Also just a note, GDP is in trillions of dollars. This of course does not reflect the huge increase in debt that the US has taken on in the past few months.
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