Gross Domestic Product Quotes - Page 2

• I suspect that Donald Trump is going to be very tough with those countries that don't spend at least 2 percent of their gross domestic product on defense. He will ask them why should we allow a free-ride policy.

  Newt Gingrich

  Country, Defense, Tough

  Source: www.spiegel.de

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• Some people say Russia is running at 50 percent of its gross domestic product under that during the Communist period. In fact, none of the countries seems to have recovered the level that they had under communism, although the other countries in Eastern Europe are doing better than Russia and particularly the Czech Republic seems to be doing modestly well. East Germany I can't count because they have a rich uncle. You have economic benefits which have nothing to do with the workings of the system.

  Kenneth Arrow

  Country, Running, Uncles

  Source: www.minneapolisfed.org

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• Failing to curb the impact of climate change could damage the global economy on the scale of the Great Depression or the world wars by spawning environmental devastation that could cost 5 to 20 percent of the world's annual gross domestic product.

  Nicholas Stern

  War, Impact, Environmental

  The report by Nicholas Stern, www.washingtonpost.com. October 31, 2006.

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