How Is US GDP Calculated?

Gross domestic product (GDP) equals private consumption + gross private investment + government investment + government spending + (exports Minus imports). GDP is usually calculated using international standards by the country’s national statistical agency. GDP is calculated in the United States by the Bureau of Economic Analysis, which is part of the Commerce Department. The […]

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Is Futures Trading Halal?

To begin with, it is a well-established Shariah principle that a sale or purchase cannot be delayed. As a result, in Shariah, all Forward and Futures transactions are invalid. Why is futures trading permissible? The essential concept of futures trading and transactions is that they are Halal unless the legislator specifies otherwise. Although the shareholder […]

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What Are The Negative Effects Of Inflation?

Inflation has the following negative macroeconomic repercussions in addition to rising consumer costs, which disproportionately affect low-income households: 1. Interest rates that are higher. In the long run, inflation leads to higher interest rates. When the government expands the money supply, interest rates fall at first because there is more money available. However, the increasing […]

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