Word: gdp
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BLACK GOLD Oil was discovered in Saudi Arabia in the mid-1930s. Today, petroleum accounts for 75% of the kingdom's revenue, 45% of its GDP and 90% of its export earnings...
...They were wrong. Shortly after the Afghan war, Kennedy himself marveled at America's astonishing ability to project overwhelming global power "on the cheap," just 3% of GDP...
They were wrong. Shortly after the Afghan war, Kennedy himself marveled at America's astonishing ability to project overwhelming global power "on the cheap," just 3% of GDP...
...billion tax cut from 2005 to January 2004; economists expect it will create a "wealth effect" that many assume will stimulate the economy. RWI is forecasting 1.8% economic growth in 2004, with about a third of that increase due to the tax cut. In contrast, this year's gdp is expected to decline by 0.2%. Although he has often teetered, Schröder seems determined to force the unemployed to actively seek jobs. Beginning next year, those who refuse a job, no matter how menial or poorly paid, will have their benefits cut by a sliding scale depending...
...Well, if the U.S. is really aiming at making the threat of military action a cornerstone of a foreign policy that allows for preemptive action, as is the case currently, the country will eventually have to commit a lot more than 3% of GDP to defense spending. However, rather than rushing into raising the deficit, raising taxes, or cutting other spending programs, probably one should start by asking if that is the right foreign policy after all. Armando Santiago Mexico City...