Absent large price changes for raw materials, the consumer price index evolves along with the GDP deflator (the price deflator for the entire economy).

The Personal Consumption Expenditures deflator remains well below the 2 target.

Unemployment rose in Argentina, and GNP fell by 3.1 in 1999, while Brazil s GNP rose by 1 .

Now it is roughly 0.25 of GNP.

In Europe, by contrast, military spending is roughly 2 of GNP, while development aid is around 0.4 of GNP and on a rising path to reach 0.7 of GNP by 2015.

But that will not be true this year, because consumer prices are falling, whereas the GDP deflator (and nominal GDP) is still increasing.

By the early 1990 s, official development assistance was still around 0.33 of donor GNP, and by the early 2000 s, it had declined to around 0.22 of GNP.

Of course, a situation where GNP increases while wealth declines can t last forever.

For example, Mexico spends only around one third of one percent of GNP on research and development, while Korea (as a comparison) spends more than 2 of GNP on research and development.

The average cost of the bailouts was only a few percentage points of GNP.

In sub Saharan Africa, both GNP per capita and wealth per capita have declined.

But the magnitude of the economic costs should not be exaggerated after all, the aggregate GNP of the 10 applicant countries from the former communist bloc is smaller than the GNP of Holland!

By contrast, the US spends just 18 billion, roughly 0.16 of GNP, on development aid.

The share of net investment in GNP is now the second lowest in all OECD countries.

In the US, GNP has risen sharply in the past 40 years, but happiness has not.

In other words, economic growth should be viewed as growth in wealth, not growth in GNP.

Some economists estimate that housewives' services, valued in money, would amount to about 25 of GNP.

Japan is a service economy, in which services account for more than 50 of the GNP.

But the current budget relies on foreign aid to cover a 3 billion (10 of GNP) shortfall.

In Africa, per capita GNP dropped at an average rate of .7 annually between 1970 and 1995.

Second, relentless pursuit of GNP to the exclusion of other goals is also no path to happiness.

In Africa, per capita GNP dropped at an average rate of .7 annually between 1970 and 1995.

Sports are already a separate economic sector, representing around 2 of the GNP of several developed countries.

While some pundits and politicians now suggest that the GNP could collapse sooner than corrupt and poverty stricken North Korea, Park Geun hye, an iconic woman in South Korean politics, has made it clear that she will not abandon the GNP.

Japan armed itself only lightly (restricting military expenditures to about 1 of GNP), and focused on economic growth.

Thirty five years ago, they promised to give 0.7 of their GNP to poor countries as development aid.

This contrasts with the 4 of GNP that the US spends on its military, roughly 500 billion this year.

There are many circumstances in which a nation s GNP (per capita) increases even while its wealth (per capita) declines.

The military plus security budget soared by more than 2 of GNP, while tax revenues fell by much more.

Numerous opinion polls show Park Geun hye of the ruling Grand National Party (GNP) to be the leading candidate.

But the long term decline in the ratio of aid to GNP did not stop the rich world from promising time and again to reach 0.7 of GNP, including at the Rio Earth Summit in 1992 and the Copenhagen Summit on Social Development in 1995.

Six more countries, all in Europe, have recently set a timetable to reach 0.7 of GNP by the year 2015.

Structural support to new members from current EU members, indeed, is expected to be less than 4 of Dutch GNP.

For decades, due to rampant protectionism, the ratio of Brazil's exports to GNP was one of the lowest in the world.

The US will devote approximately 500 billion, or 5 of GNP, to military spending this year half of the world s total.

The near certainty that Ahn will join the fray is not good news for the already unstable GNP, especially for Park.

In Park s eyes, abandoning the GNP simply because of the party s deepening unpopularity would show her to lack principles and trustworthiness.

Fifth, to promote happiness, we must identify the many factors other than GNP that can raise or lower society s well being.

In fact, US official development assistance amounts to just 0.15 of America s GNP, which is less than one fourth the global target.

The US government often declares these days that it is not bound by any arbitrary numerical target such as 0.7 of GNP.

Fifth, to promote happiness, we must identify the many factors other than GNP that can raise or lower society s well being. Most countries invest to measure GNP, but spend little to identify the sources of poor health (like fast foods and excessive TV watching), declining social trust, and environmental degradation.

If the US lived up to its pledge of 0.7 of GNP in donor aid, it would be giving 75 billion per year.

This year, the budget deficit stands at a peacetime record of around 10 of GNP, much higher than in other high income countries.

Today, after five years of much stronger growth among the newcomers, their combined GNP is somewhat smaller than that of the Benelux countries.

The economies of China and the OECD countries, by contrast, have grown both in terms of GNP per capita and wealth per capita.