What Would Congress Do During A Recession?

Congress has given the Federal Reserve a dual duty to preserve full employment and price stability in the US economy. During recessions, the Fed uses a variety of monetary policy tools to assist lower unemployment and re-inflate prices. Open market asset purchases, reserve regulation, discount lending, and forward guidance to control market expectations are some […]

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Where Does Brazil Rank In The World By GDP?

The United States, China, and Japan are the world’s three largest economies in terms of nominal GDP. A variety of factors influence economic growth and prosperity, including workforce education, production output (as indicated by physical capital investment), natural resources, and entrepreneurship. As outlined below, the economies of the United States, China, and Japan each have […]

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What Is Excluded From GDP That Is Included In GNP?

GNP includes goods and services generated outside a country’s borders by its own inhabitants and businesses, but GDP excludes them. GNP excludes goods and services generated within a country’s borders by foreign citizens and businesses, but GDP includes them. What do GNP and GDP have in common? While GDP confines its interpretation of the economy […]

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