Word: gross
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Dates: during 1970-1979
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...about one-third and allow it even to export oil. The Suez Canal would be a little farther away from the muzzles of Israeli cannons. Sadat might even be able to begin thinking about reining in his defense expenditures, which now devour $2 billion, or 25% of the gross national product (v. $3.6 billion, or 30% for Israel). Sadat is hard-pressed even to feed his 37 million people, 96% of whom are crowded in a narrow, seven-mile strip running 500 miles along the Nile. Egypt's trade deficit has been revised upward to $4 billion this year...
...ever more vigorous signs of reanimation, no similar trend is immediately visible in Europe. In the past few months, nearly every government has revised its 1975 growth forecasts downward. The main reason: West Germany's economy, which accounts for fully one-third of the European Community's gross national product, has failed to respond to the expansionary program of tax credits and deficit spending launched by the government last fall. Unemployment is holding at record postwar levels (4.4% in June), inflation has begun to rise slightly (to a 6.4% rate), and exports for the first five months...
...experts doubt that the U.S. needs to invest more of the national income. Its rate of investment, currently about 15% of gross national product, is one of the lowest in the industrialized world (TIME, July 28). But many liberals doubt that Simon's plan is the right way to go about it. Joseph Pechman, a member of TIME'S Board of Economists, says that the Treasury Secretary's proposal "by and of itself will have very little impact on total savings." Pechman contends that Simon's plan should be considered only as a part...
...Gross (6) 4-Sylvia Porter's Money Book...
Rattiner lives contentedly. The papers gross $300,000 a year from advertising, netting the editor-publisher about $32,000-enough for him, his wife and two children to vacation three months each winter in Provence, Maui, or some similarly exotic spot, where he concocts the coming summer's hoaxes. Rattiner turns out fully 80% of his papers' copy (three reporters handle the rest), and not all of it is tomfoolery. The weeklies are heavy on local history and guides to entertainment and shopping...