G AND D

At this point consumer spending is only about 35 percent of G. D. P. , about half the level in the United States.

G. D. P. measures the total amount produced and spent in the nation during a particular time frame, like a year or a quarter of a year.

If health care costs rise 6 percent in a year, for example, that counts as higher G. D. P. , but how much is our health actually improving?

In the absence of any statistic of comparable cachet, however, the G. D. P. is regularly asked to do more than it was designed to do.

Now, they want to make G. D. P. one of a series of social priorities that will determine whether or not you get promoted.

While the G. D. P. has continued to rise, wages have stagnated, pensions have shrunk or disappeared and income inequality has increased.

And debt as a percentage of G. D. P. continued to fall in the decades that followed, hitting a low of 33 percent in 1981.

Even the surge in imports, which lowered the rate of increase of G. D. P. , actually reflects healthy and growing American demand.

That was slightly below consensus forecasts and made the quarter the fourth in a row in which G. D. P. growth had declined.

Taking into account these factors could also increase the G. D. P. Incorporate unpaid work, like raising children, and the total goes up.

If the United States allows China or any country or region to out-enterprise, out-job-create, out-grow its G. D. P. , everything changes.

It is very weak and small, much lower, in terms of ratio to G. D. P. , than India, United States, Japan and European countries.

When higher government spending increases G. D. P. , consumers respond to the extra income they earn by spending more themselves.

Some say that G. D. P. "is the best barometer of the country's economic fitness. "

Out of such data might one day come a G. D. P. more in tune with the way people live.

Henan, 20 percent poorer on a G. D. P. per-capita basis than the country as a whole, has more people than Germany, France or Britain.

But the bigger story from China's point of view is investment spending, which has soared to almost half of G. D. P.

"The shock to the economy is huge, affecting perhaps 50 percent of our G. D. P. , " said Daniel Dorsainvil, a former finance minister.

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Nonetheless, the continued shrinking of China's trade surplus as a share of G. D.

In an Internet question-and-answer session on Saturday, Mr. Wen signaled that the government would settle for 7 percent growth in the G. D.

Federal debt as a percentage of G. D. P. fell steadily from the end of World War II until 1980.

As it does, Asia's total G. D. P. will grow from around $30 trillion now to about $230 trillion.

We always exaggerate people's quest for G. D. P. and undervalue their quest for ideals.

Debt began rising rapidly, eventually reaching just about the same level relative to G. D.

Or, as Robert F. Kennedy put it 40 years ago, the G. D. P. "measures everything, in short, except that which makes life worthwhile. "

By 2019, federal debt will amount to an amazing 83 percent of G. D. P. (before counting the costs of health reform and everything else).

British bank assets total about 4. 5 times the country's gross domestic product, but in Iceland they were 10 times as large as the G. D. P.

The solid line on the chart below shows real G. D. P. for each of the four quarters of 2008.

The chart clearly shows that G. D. P. fell further in the nineteen-thirties.

Debt began rising rapidly, eventually reaching just about the same level relative to G. D. P. as in 1929.

Bulgaria ranks at the top, with unregistered economic activity at 32. 3 percent of G. D. P.

In each case the index would supplement the G. D. P. , not replace it.

For the 27 members of the full European Union, the G. D. P. grew in the third quarter by a more modest 0. 2 percent, Eurostat said.

But the risk is that a big demographic shift might make it hard to keep up its 10 percent G. D. P. growth for the next few decades.

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Higher consumer spending expands aggregate demand further, raising the G. D. P. yet again. And so on.

In 2007, before the financial crisis, Spain had a budget surplus of 2 percent of G. D. P.

In the past decade, in fact, the share of G. D. P. that goes to wages has actually fallen, while the share that goes to profits has risen.

Adjusted for inflation, G. D. P. reached its peak of $3, 513 billion in the second quarter (April-June).

The economy has created two jobs, and the G. D. P. rises by $200.

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After World War II, gross federal debt reached 122 percent of G. D. P. , the highest ratio on record.

From 2009 to 2011, the tightening in the United States will equal 4. 6 percent of G. D. P. , according to the International Monetary Fund.

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Consumption as a share of G. D. P. stood at around 62 percent in the mid-1960s, and rose to about 73 percent by 2008.

Standard estimates suggest that a dollar of public spending raises G. D. P. by around $1. 50.

Annual deficits will still hover around 5 percent or 6 percent of G. D. P. in 2019.

The labor income share of Chinese G. D. P. declined from 57 percent in 1983 to only 37 percent in 2005.

Last month, the 2011 estimated budget deficit was increased to 9. 5 percent of G. D. P. , from 8. 6 percent.

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On average, development assistance amounted to only 0. 31 percent of G. D. P. of developed nations last year.

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