Even in the United States, the proportion of the gross domestic product spent on Social Security and Medicare is projected to rise to 14.5 percent in 2050, from 8.4 percent this year.
There is only one formula for success, said Mr. Sircar: "You bring out a good product, spend money, put in taste, autonomy and the right professionals, you will get the right product.
Speaking is a function superimposed on these organs, and the material of speech is a waste product, spent air, exploited to produce perhaps the most wonderful by-product ever created.
To get to the moon has cost no more than the equal of nearly 3 per cent of one year's gross national product, spent over a decade, but earth taxpayers will expect more for that than one bag of rocks.
"With over 12percentt of our gross national product spent on health care, it is vital that the nation's health care system be well managed," JOHN BRADEMAS, the president of New York University, said yesterday.
Aside from the question of whether the Federal deficit and the national debt are all that large (when measured against gross national product), spending more makes ample sense if the added expenditures are aimed at increasing employment.
When every penny of cost matters on a case of shipped product, spending more for simple RFID tags or for intelligent tags that track temperature and other data points just does not make economic sense.
That means that the 6 to 7percentt of gross national product spent on the military each year has had a set of current and cumulative effects that weigh heavily on the competence of the industrial system as a whole.
The 19-year-old Robins youth team product spent a month on loan with the Whites last season.
The United States is far ahead of second-place China in total research and development (R&D) spending, for example, although it lags South Korea, Japan, and Germany in "research intensity," the percentage of gross domestic product spent on R&D.
