Word: gdp
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Dates: during 1990-1999
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There is a limit to the financial resources our society can devote to health care, and we are approaching this limit quickly; health care now consumes 14 percent of the GDP. In the coming years, we must work to get the most social benefit for the money we spend. As we continue to develop the technological resources to extend life and cure disease, we may have to abandon some of those developments...
...headlines. While the Federation of German Industry, the umbrella management association, is calling for a "fundamental reorientation" of the pay and benefits system, the metal and electrical industries have served notice that they will not renew expiring contracts on pay and holidays. The government spent a record 33.1% of GDP -- $633 billion -- for social programs in 1992 but hopes to squeeze $26 billion from households this year by raising retirement contributions and paring payments for social welfare...
...live in poverty, when according to the last census Mexico's population is only 83 million. I also agree that the positive and negative impact of NAFTA on the U.S. economy was disproportionately assessed by both Ross Perot and Al Gore. Mexico's economy is too small (Mexico's GDP is only 4 percent of U.S. GDP) to have as enormous an effect on the U.S. economy and labor market as the two speakers implied...
...generated nearly 400,000 new jobs in the American economy. The trade surplus Mexico enjoyed with the U.S. in the 1980s has been transformed into a trade deficit of over 20 billion dollars in 1992. This trade deficit is enormous for Mexican standards (6.5 percent of Mexico's GDP) and has produced considerable job losses...
...economy does give signs of crawling into the light. The Commerce Department reported last week that GDP grew in the third quarter at an annual rate of 2.8% -- up from 1.9% in the second. But that gathering speed is precisely why now is the time to make cuts, says economist Rudy Penner, a former CBO director. "The economy is growing. If we don't do it now, then after a while the only way we'll be able to pay the debt is to print money...