Meeting with economic writers last week, President Bush dismissed several polls that show Americans are down on the economy. He expressed surprise that inflation is one of the stated concerns.
"They cite inflation?" Bush asked, adding that, "I happen to believe the war has clouded a lot of people's sense of optimism."
The United States spent the smallest share of its PCE on food at home, only 9 percent, while Tanzania, with the lowest per capita income, spent the highest share, 71 percent...The high-income countries in the sample spend an average of 16 percent of their PCE on food, while the middle-income countries spend 35 percent, and the low-income countries spend 55 percent.