Word: grossness
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Dates: during 1980-1989
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That may be wishful thinking. By any measure El Salvador's economy is a shambles. Unemployment stands at 30%, inflation at 13%. Since 1978 the gross national product has fallen by 30%, retail sales by 44%. Meanwhile, the country's foreign debt more than doubled, from $334 million to $801 million by 1982. Faced with a shrinking tax base and a war that will consume approximately 23% of this year's $9.4 billion national budget, the government has resorted to printing more money, further weakening the battered colon. So far, however, Duarte has resisted devaluation, even though...
...past six years show that Zaccaro and his wife may not have had much money to spare after maintaining three joint residences, plus her separate apartment in Washington, and putting three children through private schools. Over the past five years, they paid an average of 40% of their gross income annually in taxes, leaving them an average $103,035 in combined yearly income. This varied from a low of $80,188 in 1981 to a high of $150,982 last year...
...Switzerland, 5.9% of the gross national product stems from tourism; in certain Alpine vacation areas, travelers' spending accounts for up to 80% of the economy. It is this boom in tourism, however, that has led to concern that an ecological apocalypse may be at hand. Says Gernot Patzelt, Innsbruck University's chief ecologist: "We have to define the maximum load, the point beyond which damages will become irreparable...
...further fallacy is the assumption that the greater the population, the lower the standard of living. This is not true. Japan has a population density of 829 people per sq. mi., yet has a higher per capita gross national product ($10,080) than India, which has 577 people...
...beyond: "That's the trouble George Bush got in the other day." Nonetheless, in a television interview a day later, Regan tossed away caution. Said he: "We have no plans now for increases in 1986,1987,1988. Would you like to try for 2000?" Regan predicted that the gross national product will grow at a rate of 7.2% this year, while unemployment will drop to 6.8% and inflation will be at just...