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History
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| Number of pages / Number of words: |
2 / 553 |
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According to official Russian data, in 1994 the national gross domestic product (GDP) was 604 trillion rubles (about $207 billion U.S. according to the 1994 exchange rate), or about four percent of the United States' gross domestic product for that year (Smith, Jody). But this figure under estimates the size of the Russian economy (Smith, Jody)...
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But this figure under estimates the size of the Russian economy (Smith, Jody). The 1994 Russian gross domestic product was about $678 billion U.S. making the Russian economy approximately ten percent of the United States' economy (Smith, Jody). In 2002, the Russian government had to debate over the fact that it would or would not sell its five billion some odd barrels of oil that it has in reserve to get the economy back to where it needs to be, or at least on the right track (Dyker, David)...
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