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Gross Domestic Product Quote of the day
The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product.
The economy of the United States gross domestic product doubled from 1996 to 2015, doubled, more than, $8.8 trillion to $17.1 trillion. And the median household income went down.
If you look at payments to labor as a proportion of national income or gross domestic product, you find profits going way up, investment and savings going up.
Just like how most if not all poor boys look up to and aspire to someday be rich men, most if not all underdeveloped and developing countries look up to and aspire to someday be developed countries.