Quotes About GDP

earnings from oil and gas exports provide the financial foundation for the Russian state and Russian power—in normal times, 40 to 50 percent of the government's budget, 55 to 60 percent of export earnings, and an estimated 30 percent of GDP.

Disruptions of supply affect the global system into which America is so integrated—with almost 30 percent of U.S. GDP and close to 40 million jobs resulting from trade with the rest of the world.

over the rest of this century—than any other grouping. The G2 comprises just two countries —the United States and China—which together represent about 40 percent of the world's GDP and 50 percent of its military spending. The G2 is not an alliance or a forum for decision-making. Rather, it underlines the importance of the relationship between these two countries—and their new rivalry—and its impact on the entire world.

Oil is not merely the heart of the Iraqi economy. In economic terms, Iraq is oil, which makes up over 90 percent of government revenues, over 99 percent of exports, and almost 60 percent of GDP. The World Bank describes Iraq as "the world leader in terms of dependence on oil.

To conceive of an education as a commodity (as if it were a polo pony or an Armani suit) is to construe the idea of democracy as the freedom of a market instead of a freedom of the mind. I can understand why the mistake is both easy and convenient to make, but unless we stop telling ourselves that America is best understood as the sum of its gross domestic product, we stand little chance of re-imagining our history or reengineering our schools.

Influence is best measured not only by military hardware and GDP, but also by other people's perceptions that we, the United States, are using our power legitimately. That belief - that we are acting in the interests of the global commons and in accordance with the rule of law - is what the military would call a 'force multiplier.'

But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.

If you have a private firm and you spend a ton of money to pay employees, but what you produce is a flop, there will be no value to GDP. But government spending all gets counted as contributing to economic growth. That's why in the early days of creating these measurements, some people didn't want to count government spending.

Repealing the estate tax won't create jobs, it won't boost GDP, and it won't add efficiency to the market. Instead, repealing the estate tax will simply add to the debt, hurt our ability to build a stronger economy and worsen economic inequality.

Only the work that generates money is allowed to count toward GDP. Little wonder, then, that we have organized education around feeding as many people as possible in bite-size flexible parcels into the employment establishment.

GDP simply measures the circulation of money in the economy, not whether or not the outcome of using that money is positive or negative.

As an economic entity, greater Los Angeles is world class. If the area were an independent country, it would have a gross national product greater than that of Mexico or Australia.

The first thing we should acknowledge is that poverty is hugely expensive. It varies from country to country, but most of the time it's around 3, 4 or 5% of GDP. If you look at what it would cost just to top up the income of all the poor people in a country, it would cost about 1% of GDP.

The supposition that there is massive waste to be cut in the civilian budget is simply a myth. To recapitulate: ending all earmarks and foreign aid and achieving all of the specific cuts on civilian programs proposed by the deficit commission, even if such choices were meritorious, would amount to less than 1 percent of GDP. True

measures like GDP per person give only a rough reflection of the overall level of wellbeing of an individual or a nation. But for sustainable development we are interested in raising human wellbeing, not just in raising income, still less in a mad race for more riches for people who are already rich. Therefore, it is important to ask how we can best measure wellbeing (or life satisfaction) beyond GDP per capita.

The combination of higher income taxation and wealth taxation would thereby raise at least 2 percentage points of GDP from the very top earners. But even if they had to pay another 2 percent of GDP, there would certainly be no need to shed tears for the rich. Their net-of-tax income would remain around 10 percent of GDP, a share of national income two-thirds higher than the 6 percent of GDP in 1980. There

We think of GDP as a measure of the wealth that a country generates each year. But from a thermodynamic point of view, it is more a measure of the temporary energy value embedded in the goods or services produced at the expense of the diminution of the available energy reserves and an accumulation of entropic waste. Since

There are forty-three countries in the world that are poorer than Pakistan on a per capita GDP basis45 but twenty-four of them send more children to primary school than Pakistan does.

I am from a non-animist culture, nothing fancy, GDP worshippers and irrigation agrarians praying to foreign countries foe trade deals

how GDP in fact imposed an ideology of applied patriarchy onto the measurement of economic progress, alongside many other limitations.

The Heritage Foundation concludes that by 2038, the carbon-dioxide rules alone, which phase out the use of coal, an abundant natural resource in the United States, will cost the nation nearly six hundred thousand jobs and an aggregate gross domestic product decrease of $2.23 trillion.

At present we are stealing the future, selling it in the present, and calling it gross domestic product.

The country now has the second highest GDP per capita in the world after Luxembourg, and Luxembourg is hardly a proper country.

Neoliberal enzymes aim to sedate the industrial host into believing that the financial sector is part of the real economy, not external to it and extractive. That is the first myth. Modern national income and GDP accounting formats treat tollbooth systems and other rent seeking as "output.