Joe Biden should be thinking right now, “If you break it, you own it,” but he isn’t. Yes, it’s implausible that the president, who has earned the moniker “Sleepy Joe,” has enough self-awareness to own his involvement in fueling the US economy’s precarious position, which is currently experiencing a 40-year high of 7.9% (and rising) […]
Is Inflation Joe Biden’s Fault? Read More »
In 2017, the GDP per capita for the Los Angeles Metro Area (CA) was $67,763. Since our first report in 2001, the Los Angeles Metro Area (CA) has grown at an average rate of 2.11 percent. If current trends continue, GDP per capita is expected to reach $73,117 by 2022. What is San Francisco’s Gross
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The GDP Deflator method necessitates knowledge of the real GDP level (output level) as well as the price change (GDP Deflator). The nominal GDP is calculated by multiplying both elements. GDP Deflator: An In-depth Explanation The GDP Deflator measures how much a country’s economy has changed in price over time. It will start with a
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Retail and wholesale trade industries led the increase in private inventory investment. The largest contributor to retail was inventory investment by automobile dealers. Increases in both products and services contributed to the increase in exports. Consumer products, industrial supplies and materials, and foods, feeds, and beverages were the biggest contributions to the growth in goods
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Unexpected inflation hurts lenders since the money they are paid back has less purchasing power than the money they lent out. Unexpected inflation benefits borrowers since the money they repay is worth less than the money they borrowed. Who is harmed by unexpected inflation? Savers and creditors suffer from unanticipated inflation since the money they
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During a recession, you might be tempted to sell all of your investments, but experts advise against doing so. When the rest of the economy is fragile, there are usually a few sectors that continue to grow and provide investors with consistent returns. Consider investing in the healthcare, utilities, and consumer goods sectors if you
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During a recession, home values tend to plummet. If you’re looking for a property, you’re likely to come across: Homeowners ready to drop their asking prices. Short sales are used by homeowners to get out from under their mortgages. In a recession, do house prices fall? Most markets, including real estate markets, experience price declines
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During a recession, you might be tempted to sell all of your investments, but experts advise against doing so. When the rest of the economy is fragile, there are usually a few sectors that continue to grow and provide investors with consistent returns. Consider investing in the healthcare, utilities, and consumer goods sectors if you
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Traditional fiscal stimulus analysis focuses on the short-run effects of fiscal policy on GDP and employment creation in the near term. Economists, on the other hand, have long recognized that short-term economic situations can have long-term consequences. Job loss and declining finances, for example, can cause families to postpone or forego their children’s college education.
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The figures in this section are based on the SIPRI Military Expenditure Database and are in constant US dollars for the year 2019. Over the last two decades, China’s defense spending has increased about sixfold, from $41.2 billion in 2000 to $244.9 billion in 2020. China spends more on defense than Japan, South Korea, the
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