They paid 100,000 for it.

The quarterly growth of 1.2 means an annual growth rate of 4.8 .

A quarterly growth of 1.2 means an annual growth rate of 4.8 .

Over the last 30 years, in terms of the GDP growth rates,

What is the average difference here?

Maximum rate of growth

Minimum rate of growth

It turns out even during the Cultural Revolution,

Even low growth rates produce large increases over time.

We know the deflator is, can we figure out the real GDP in 2011 and that will be the real GDP in 2010 dollars, when we have the deflator relative to 2010.

In 2010 I expect this company to double every year.

So China, I've already mentioned, beginning around 1978, around the time of the death of Mao, growth ten percent a year.

In 2010, right before the revolution, even though GDP per capita had been growing at five percent for several years,

You know if you look at the development in the West over 200 years, the average growth may have been about two percent.

Now here's eight centuries of economic growth.

Even in wealthy countries it is common now to see inequality growing.

The Japanese economy continued to grow by more than 5 annually.

The growth rate of the Japanese economy will top 0.7 this year.

We really do have it going right that the continent is growing at rates that people had thought would not happen.

That's an epidermal growth rate.

That was in the early 2000s when India was going gung ho about GDP growth as the means forward

The vertical axis is just percent per year of growth, zero percent a year, one percent a year, two percent a year.

That's what we're seeing across the bottom billion at the moment.

From about the beginnings of humanity to 1500 zero economic growth, nothing.

Price increases explain the difference between the real and nominal growth rates.

When India was growing at about three, 3.5 percent and the population was growing at two percent, its per capita income was doubling every 45 years.

What do you want in a spaghetti sauce? Tell us what you want in a spaghetti sauce.

The economy of the country kept growing for years.

I mean this is over a four year period.

When annualized, the quarterly gain represents a 4 growth.

GNP increased at a seasonally adjusted annual rate of 4.5 in the fourth quarter.

Maybe in 2010, Company A is going to make 2.50.

Couple years,it's gonna get really pissed off.

The incidence of malaria is about a couple of million people get infected every year.

and pledge to continue our efforts towards realizing a nuclear free world together with Hiroshima

Japan's inflation adjusted GNP growth rate was 5 .

Just quickly on the results.

Growth is the proof of life.

So, you could have a GDP for a month you could have a GDP for a quarter of a year or you can be three months or you could have the GDP in a given year.

This is something I call the 50 20 paradox.

And you're going to pay a lower Price to Earnings ratio if the company isn't growing.

If f(n) is in little o(g(n)), that's kind of like saying f(n) is strictly less than g(n).

It's a death sentence.

And that makes a huge difference.

You know, these economists, they love money, they want more and more of it, they want it to grow.