Word: outputted
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...industry is growing, so is agriculture; since 1965 there has been an impressive 3% yearly increase in crop output. Mechanization has not yet made much headway, and work in the fields is as backbreaking as it has been for centuries. "For years the West has had an urban preoccupation," says a senior South Korean official, sounding vaguely Maoist. "Yet in modern Asian history it has been the peasantry which has been the moving force. We have tilted the allocation of resources toward the countryside...
...most amateurs, the charm of getting there, or getting no place in particular, without gas fumes or hassle or special training, is what canoeing is all about-and why it has become one of the fastest-growing sports in the U.S. The output of canoes, which has doubled in the past four years, shows no sign of being dented by recession or inflation; overall growth of the sport is estimated at 20% per year...
Slower Slump. To a man, the economists agree that the recession is nearing its end-although the rebound is not yet at hand. Production will probably continue drifting down through the spring, making the current quarter the sixth straight in which output has declined. Underscoring that prediction, the Government reported last week that industrial production fell again in April by .4%, which represents a marked slowdown from the 1.3% decline in March...
...board members believe that the long-awaited upturn should begin this summer and accelerate smartly after that. During the fourth quarter, most expect real gross national product-output of goods and services, discounted for inflation-to rise at an annual rate of 6% to 7%. For the whole of 1976, a majority of board members predict that production will increase by 6% or more. Okun believes that real G.N.P. will increase at a hefty 8% rate during the first twelve months of the rebound...
...would still leave the economy operating well below its capacity. IBM Vice President David Grove figures that real G.N.P. this year will run 15% below what it could be if the economy used its resources of plant, materials and manpower to full potential. The gap between actual and potential output, he calculates, will shrink only to 13% next year, and even to 11% by 1977. At its peak, in the third quarter of 1973, production was running at less than 2% below capacity...