Word: grossness
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Dates: during 1960-1969
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...unions, employers, farmers and refugee organizations but also individual cities and states (Lander). To assist in the creation of a harmonious society, he urged the creation of a single "German communal fund," to be financed jointly by tax receipts of state and federal governments equal to 1% of the gross national product...
Productivity Slips. Unemployment is melting primarily because the economy's growth rate has begun to outpace the increase in the labor force. A growth of 31% to 4% is needed to create jobs for all the youngsters entering the labor force; this year the gross national prod uct will
...minority government into at least a 133-seat majority. Why? quite a few Canadians ask, since in the 30 months he has been in power he has done just fine with the help of two splinter parties. The economy is humming; unemployment is down to a nine-year low; gross national product is climbing 9% a year. And last week-by no coincidence-Pearson's government announced still another huge overseas wheat sale: a three-year deal with Red China for up to 186.7 million bushels worth $335 million...
People buy foreign goods for many reasons: novelty, fashion, durability, economy, snob appeal. Whatever the reasons, U.S. imports traditionally run at about 3% of the gross national product. That total tends to rise sharply, however, in times of prosperity -and this year it has spurted faster than at any time in a decade. The surge may satisfy the fanciers, and the sellers, of Dutch beer, Swiss watches or Italian fashions, but it bothers the U.S. Government. The nation's trade surplus -the excess of exports over imports-is rapidly shrinking, thus reducing the base that the U.S. has used...
...advance, thanks chiefly to a larger-than-expected third-quarter growth in the total output of U.S. goods and services ($11 billion v. an anticipated $9.5 billion). Remarkably, this gain was made without any substantial impetus from the Viet Nam war; military spending now equals only 8.6% of the gross national product, 1% less than three years...