Word: gdp
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Upside The government was able to hold spending on pensions to 5% of GDP...
...These efforts haven't come cheap: the Ministry of Agricultural and Rural Development estimates the economic loss of all that poultry at just under 0.5% of GDP, or $195 million. Nguyen Vau Be and his family in rural Long An province raised 100 ducks to pay for their holiday celebrations and food this year, but when the birds became sick recently, they were forced to kill them. "There's no Tet for us this year," says wife Truong Thi Dua, watching as the live ducks are tossed onto a large bonfire. The family is being compensated with a total...
...after accepting a government offer to replace their aging Toyota Corollas with a fleet of new four-wheel-drive vehicles. The judges, who complained that their old cars needed constant maintenance, had originally demanded Mercedes or BMWs. Their new Nissan Terranos will cost about $60,000 apiece; per capita GDP is around...
...gather to monitor the stock ticker and hunch over computer keyboards while they buy and sell shares of 1,378 listed Chinese companies. Like casinos, Huaxia supplies VIP rooms to high-stakes customers. After the central government's disclosure last week that China's surging economy registered unexpectedly rapid GDP growth of 9.5% in the fourth quarter of 2004, the VIP rooms should have been buzzing. But they were empty, while the atmosphere in the main room was morose and lethargic. A group of elderly men pried open sunflower seeds and dealt cards without glancing at the ticker. Most trading...
...declared he was more concerned with ?Gross National Happiness? than with Gross Domestic Product. This probably didn?t come as a surprise to the forest-laden country?s 810,000 to 2.2 million (estimates vary greatly) residents, most of whom are poor subsistence farmers. Bhutan?s GDP is a mere $2.7 billion, but Wangchuck still maintains that economic growth does not necessarily lead to contentment, and instead focuses on the four pillars of GNH: economic self-reliance, a pristine environment, the preservation and promotion of Bhutan?s culture, and good governance in the form of a democracy...