"Creative destruction can apply to economic concepts as well. And this downturn offers an excellent opportunity to get…"

"But, but I mean, we've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federa…"

"I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that …"

"I define it, I think we're in a recession until real per capita GDP gets back up to where it was before. That is not …"

"Basically, GDP is a concept of value added. It is the sum of gross value added of all resident producer units (instit…"

"Of the proportion, which the product of any region bears to the people, an estimate is commonly made according to the…"

"The way in which economists incorporate inequality into their analyses can have a significant impact on their policy …"

"It costs governments money to keep fuel prices low. Oil-rich Yemen, for instance, devotes 9 percent of its GDP to mak…"

"India needs to be liberated both from the 'high GDP growth hedgehogs' and the 'conservation at all costs hedgehogs.'"

"Government [the US] is taking 40 percent of the GDP. And that's at the state, local and federal level. President Obam…"