Does the NYT Really Not Know the Difference Between Nominal and Real GDP?

It seems not, since a graph accompanying an article on Greece's debt negotiations still shows countries like Spain, Greece and Italy with modest growth since the downturn began in 2007. In fact, all three economies have shrunk in when growth is adjusted for inflation. It will be interesting to see how long it takes the NYT to correct this one.
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Published on February 09, 2012 02:28
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