3.1 percent of gdp was spent on defense in usa.
3.1 percent of gdp was spent on defense in usa.
percent of gdp spent on defense in usa?
3.1
there was a striking contrast between the economic growth and levels of capital formation in the 1960–73 period and in the 1980s. the pre-revolutionary period was characterized by robust annual growth rates for gdp (6.9 percent), industrial production (9 percent), private consumption (6.5 percent), and gross fixed capital formation (7.8 percent), although income distribution was extremely unequal and the portuguese state spent a lot of its resources on the colonial war effort. by way of contrast, the 1980s exhibited slower annual growth rates for gdp (2.7 percent), industrial production (4.8 percent), private consumption (2.7 percent), and fixed capital formation (3.1 percent). as a result of worker emigration and the military draft, employment declined during the earlier period, but increased by 1.4 percent annually during the 1980s. significantly, labor productivity (gdp growth/employment growth) grew by a sluggish rate of 1.3 percent annually in the more recent period compared with the extremely rapid annual growth rate of 7.4 percent earlier. inflation, as measured by the gdp deflator, averaged a modest 4 percent a year before the revolution compared with nearly 18 percent annually during the 1980s. in 1960, portugal joined the european free trade association (efta) as a founding member.
economic history of portugal
section::::cost and efficiency.:impact on u.s. economic productivity.









































on march 1, 2010, billionaire warren buffett said that the high costs paid by u.s. companies for their employees’ healthcare put them at a competitive disadvantage. he compared the roughly 17% of gdp spent by the u.s. on healthcare with the 9% of gdp spent by much of the rest of the world, noted that the u.s. has fewer doctors and nurses per person, and said, “that kind of a cost, compared with the rest of the world, is like a tapeworm eating at our economic body.”









































section::::cost and efficiency.:allegations of waste.
healthcare reform debate in the united states