Word: gdp
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...terms of GDP per capita, France is in the bottom half of Western European economies. According to official U.S. and European economic statistics, out of 50 American states, France’s GDP per capita outperformed only Arkansas, Montana, West Virginia, and Mississippi in 2001. A recent Swedish report calculated that if the U.S. economy had been frozen in 2000, it would take France an extra 15 years of growth to catch up to the American standard...
...government policymakers, the potential of markets to support decision making is "humongous," says Bob Hahn, director of the AEI-Brookings Joint Center for Regulatory Studies. Will cutting taxes raise the GDP? Congress can debate it. But if you establish a market for the question, the answer will likely be superior to whatever one Congress arrives...
...mortgage interest appears to be subsidizing vacation homes and McMansions now, not entry-level housing. As a nation we are throwing so many resources at real estate that we may be underinvesting in other critical parts of the economy. While spending on homes is at a record 18% of GDP, our savings rate is nil and the stock market is going nowhere...
...global trade in stolen art has led to the disappearance of 43 Van Goghs, 174 Rembrandts and 551 Picassos. In Central Asia, children are believed to have been stolen from orphanages and killed for their organs. And money laundering accounts for up to 10% of the world's GDP, or as much $5 trillion...
...1970s, described an American health care system with massive investment, but poor results. Olden said that a recent World Health Organization (WHO) study showed that the U.S. devotes more money to health care than any of the 191 countries surveyed. The U.S. spends 14.1 percent of its GDP on health care, while countries like Switzerland, Canada, Germany, and France each spend around 10 percent. At the rate expenditures are increasing, the U.S. will devote 100 percent of its GDP to health care by 2065. Olden observed that General Motors, for example, spends more money on health care for its employees...