horosho Suspended 2001 Posts user info edit post |
Its not "earl's chart", its CNBC's chart and thats how %s work. Heres an example with simple numbers:
If the USA spent 4 and had a GDP of 10 thats 40% If Canada spent .2 and had a GDP of 2 thats 10%
North America spent 4.2 out of 12 which is 35%
It shouldn't be confusing if you're familiar with the NATO agreement because that is NATO's standard for member spending
Quote : | "In 2014, all NATO members agreed to increase their defense spending to 2% of gross domestic product by 2024." |
[Edited on July 13, 2020 at 9:58 AM. Reason : straight forward metric] 7/13/2020 9:52:33 AM
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