Facedwithhigherprices, driverswouldcutback on their driving; homeowners would turn down their thermostats; owners of marginal oil Wellswouldput them back into production.
Orders for commercial airplanes are expected to be lower this year, as airlines cope with an expected America's Boeing executives in Dubai put on a brave face, saying that fulfilling back orders will keep their production lines busy.
VOA: standard.2009.11.15
The shift from GNP to GDP a few years backput the emphasis onproduction by labor and property located in the United States rather than production by U.S. entities worldwide.
The cereal index, which hit its highest level since 2008, was the focus of the report, as the FAO estimated that a tightening market on the back of a weak year for cereal production in 2010 will put additional pressure on prices.
For smaller, privately held companies, the trend to move productionback to the U.S. from China could eventually put some pressure on wages, as more companies compete for skilled workers, McPeak said.