Word: gross
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Dates: during 1970-1979
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Meanwhile, in a nation where the gross national product is only $9.6 billion, the foreign trade deficit has reached $2.8 billion. Sadat is further burdened by a huge debt to the Soviet Union of roughly $6 billion. And the Russians, irritated by Sadat's expulsion of up to 20,000 Soviet military advisers and technicians from Egypt in 1972 and by his coziness with the Americans, are insisting that he pay up. "They won't even give me a period of grace," Sadat complained recently. "They won't even replenish Egypt's arms losses...
...average 8.7% this year, v. an 8.1% average projected earlier (Greenspan said the rate is likely to rise for May and that it will top 9% before it gets better). But they also predicted a stronger recovery after midyear than their February estimates had envisioned. Greenspan implied that real gross national product-total production minus price increases-will rise more than 5% in the third quarter and more than 7% in the fourth. For 1976 the Administration once expected only 4.8% real growth; now it is forecasting 6.3%. The original budget forecast had assumed that consumer prices in 1975 would...
...have provided increases ranging from 29% to 80% over the next two years or so. The increases have forced up the price of some exports and consequently reduced their competitiveness in foreign markets-a serious matter for a nation that depends on exports for 30% of its gross national product. And the walkouts have been crimping the economy directly. Last fall, for example, grain handlers on the west coast around Vancouver struck for seven weeks. They returned only after the Canadian Parliament imposed a settlement and after Japan and China had shifted some orders for grain-Canada's most...
...Total Fitness, Morehouse & Gross...
...Gross(5) 5-Helter Skelter: The True Story