“Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.” FirstsHas BeensFallCausesHalfGrowingProductsColdOfficePercentRateSignificantBudgetsAnalysisGrossDeficitTurkeysCliffsReductionRecessionsAnnualsGross Domestic ProductCold Turkey Author:Christina Romer
“The economy of the United States gross domestic product doubled from 1996 to 2015, doubled, more than, $8.8 trillion to $17.1 trillion. And the median household income went down.” StatesUnitedUnited StatesEconomyProductsIncomeHouseholdGrossGross Domestic ProductMedian Author:Mark Shields
“We have spoken on many occasions of the need to achieve high economic growth as an absolute priority for our country. The annual address for 2003 set for the first time the goal of doubling gross domestic product within a decade.” NeedsFirstsCountryGoalGrowthEconomicAchieveProductsFirst TimeAbsolutesDecadesPrioritiesOur CountryOccasionsAddressesGrossEconomic GrowthAnnualsGross Domestic Product Author:Vladimir Putin
“Today, you have 20 percent of the world controlling 80 percent of the Gross Domestic Product; you've got a $30 trillion (US) world economy, and $24 trillion of it is in the developed countries... These inequities can't exist. So if you are talking about systemic breakdown, I think you have to look in terms of social breakdown.” IfsThinkingWorldLooksCountryTodaySocialTermTalkingEconomyProductsPercentCapitalismGrossBreakdownWorld EconomyDeveloped CountryGross Domestic Product Author:James Wolfensohn
“While we have put an utmost emphasis on Gross Domestic Products (GDP) as a barometer for the overall economy until now, we have not paid much attention in detecting a level of social welfare. We, as a member of the society, must now take steps to create an index to indicate other critical elements to be focused on in order to restore reliability of world statistics.” WorldOrderSocialLevelsAttentionStepsEconomyProductsMembersElementsPaidCriticalFocusedWelfareStatisticsEmphasisGrossGdpReliabilityBarometerSocial WelfareGross Domestic Product Author:Jose Angel Gurria
“With a chip on his shoulder larger than his margin of victory, Barack Obama is approaching his second term by replicating the mistake of his first. Then his overreaching involved health care - expanding the entitlement state at the expense of economic growth. Now he seeks another surge of statism, enlarging the portion of gross domestic product grasped by government and dispensed by politics. The occasion is the misnamed "fiscal cliff," the proper name for which is: the Democratic Party's agenda.” FirstsStatesGovernmentCareNamesGrowthTermPartyMistakeEconomicProductsVictoryInvolvedDemocraticShouldersOccasionsBarackHealth CareAgendasExpensesPortionsGrossChipsExpandingCliffsDemocratic PartyEconomic GrowthMarginsEntitlementGross Domestic ProductOverreachingFiscal Cliff Author:George Will
“Between 2001 and 2011, Brazil lifted 20 million people out of poverty and into its growing middle class, and in the last quarter of the twentieth century Botswana's gross domestic product per capita grew faster than that of any other country on the planet. The once-labeled 'Third World' is edging its way into the 'First World.'” PeopleWorldWayFirstsCountryLastsClassPovertyMillionsGrowingMiddleCenturyPlanetsProductsGrewThirdsFasterMiddle ClassQuartersOther CountriesGrossTwentieth CenturyThird WorldBrazilGross Domestic Product Book:Turnaround: Third World Lessons for First World Growth Source: Turnaround: Third World Lessons for First World Growth
“If you look at payments to labor as a proportion of national income or gross domestic product, you find profits going way up, investment and savings going up.” IfsWayLooksProductsLaborInvestmentProfitIncomeSavingProportionGrossPaymentSavingsGross Domestic Product Author:Michael Hudson
“I suspect that Donald Trump is going to be very tough with those countries that don't spend at least 2 percent of their gross domestic product on defense. He will ask them why should we allow a free-ride policy.” ShouldCountryAsksPolicyProductsTrumpPercentToughDefenseSuspectsGrossGross Domestic Product Author:Newt Gingrich
“Some people say Russia is running at 50 percent of its gross domestic product under that during the Communist period. In fact, none of the countries seems to have recovered the level that they had under communism, although the other countries in Eastern Europe are doing better than Russia and particularly the Czech Republic seems to be doing modestly well. East Germany I can't count because they have a rich uncle. You have economic benefits which have nothing to do with the workings of the system.” PeopleWellsI CanCountryFactsSeemsRunningLevelsRichEconomicProductsPeriodsBenefitsPercentEuropeEastRussiaCommunismGermanyRepublicCommunistOther CountriesUnclesEasternGrossEastern EuropeCzechEast GermanyGross Domestic ProductCzech Republic Author:Kenneth Arrow
“In India, 100 of the richest people own assets worth 25% of the gross domestic product. There's something terribly wrong. No individual and no corporation should be allowed to amass that kind of unlimited wealth, including bestselling writers like myself, who are showered with royalties.” PeopleShouldKindIndividualWealthProductsIndiaIncludingCorporationsAssetsUnlimitedGrossRoyaltyGross Domestic Product Author:Arundhati Roy
“The GDP approach doesn't address many aspects of human life: health, education, political liberty, religious liberty, employment opportunities. And these are not all that well correlated with gross domestic product. We also have to think about equality among groups. And freedom of speech and religion. China always ranks near the top of developing countries these days, but there are lots of things we might see as lacking in China.” ThinkingHumansWellsCountryMightPoliticalOpportunityReligiousLibertyGroupsProductsSpeechApproachAspectChinaEmploymentDevelopingThese DaysHuman LifeAddressesFreedom Of SpeechLackingGrossGdpReligious LibertyDeveloping CountriesGross Domestic ProductHealth EducationEmployment Opportunities Author:Martha C. Nussbaum