0am:The Santee, SC forecast for Apr 11 is 63 degrees and Clear. There is 74 percentage chance of rain and 4 mph winds from the South-Southeast. 3am:The Santee, SC forecast for Apr 11 is 55 degrees and Clear. There is 79 percentage chance of rain and 4 mph winds from the South.
Consumer spending makes up more than 70 percent of the economy, and it usually drives growth during economic recoveries.â ââConsumers Give Boost to Economy,â New York Times, May 1. Every quarter, when the government releases its latest GDP figures, we hear the familiar refrain: âWhat the consumer does is vital for economic growth.â âIf the consumer starts saving and stops spending, weâre in big trouble.â âConsumer spending accounts for 70 percent of the economy.â The latter âfactâ crops up regularly in the news reports from the Associated Press, the Wall Street Journal, and the New York Times. The truth is that consumer spending is not the mainstay of the U. S. economy. Investment is. Business spending on capital goods, new technology, entrepreneurship, and productivity is more significant than consumer spending in sustaining the economy and a higher standard of living.
The United States spends much more money on health care than Canada, on both a per-capita basis and as a percentage of GDP. In 2006, per-capita spending for health care in Canada was US$3,678; in the U.S., US$6,714.The U.S. spent 15.3% of GDP on health care in that year; Canada spent 10.0%. In 2006, 70% of health care spending in Canada was financed by government, versus 46% in the United States.otal government spending per capita in the U.S. on health care was 23% higher than Canadian government spending, and U.S. government expenditure on health care was just under 83% of total Canadian spending (public and private) though these statistics don't take into account population differences.