Word: tarnished
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Dates: during 1970-1970
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Last week-much later than had been previously expected-the sheer momentum of the mighty but misfiring U.S. economic machine lifted the annual rate of G.N.P. over the $1 trillion-a-year mark. Despite the tarnish that inflation placed on that achievement, President Nixon appeared for ceremonies at the Commerce Department's new gross national product clock-a brightly lit and buzzing electronic gadget that ticks off the nation's estimated economic growth at the rate of $2,000 a second. Said Nixon: "We hope to keep it moving, and perhaps move it faster in the years ahead...
...point, the formula has succeeded. In the past decade, for exam-)le, the ranks of college students have more than doubled, and the number of Americans officially classified as "poor" nas declined substantially. But the elit ter of growth has begun to tarnish...