The Consumer Price Indicator (CPI) is a widely used index for measuring inflation, as it tracks changes in the prices paid by consumers for a basket of goods and services over time. Food and beverages, housing, clothes, transportation, medical care, recreation, education, and communication are the eight major categories of goods and services. What is […]
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Futures are financial derivatives that bind the parties to trade an item at a fixed price and date in the future. Regardless of the prevailing market price at the expiration date, the buyer or seller must purchase or sell the underlying asset at the predetermined price. What is the total number of futures contracts? Beginning
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Croatia is in third place with 2.79 percent, followed by Estonia (2.28 percent), Latvia (2.27 percent), Poland (2.1 percent), Lithuania (2.03 percent), Romania (2.02 percent), and France (2.01 percent). What does NATO cost countries? Direct contributions pay NATO’s common-funded budgets and programs, which account for about 0.3 percent of overall Allied defense spending, or around
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This recession differs from others in that it occurred extremely instantly, as if a spigot had been shut off. That makes one desire that the suffering would end in the same way: swiftly. However, it’s unlikely that the world would reopen with a massive switch; in fact, New York Governor Andrew Cuomo likened the process
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Industry is a secondary sector that accounts for slightly less than one-fifth of GDP. Since the 1990s, Brazil’s agriculture sector has contributed about 5% of the country’s GDP. Why is Brazil’s economy expanding so quickly? The Brazilian real climbed to 5.15 per dollar, putting it on track to close at its highest level this year.
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Correction: The original item on January 21, 2020 stated that the hourly wage was $24. On March 16, 2022, a spreadsheet error was discovered and repaired. The data in this page have been revised throughout. For a complete explanation, see Dean Baker’s post. Until 1968, the minimum wage not only kept pace with inflation, but
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Which country’s 2015 inflation rate is accurately matched? India has a 4.9 percent inflation rate. Consumer decisions are affected and markets’ ability to efficiently allocate factors of production is harmed when inflation produces relative-price fluctuation. Which country now has the greatest inflation rate? Venezuela has the world’s highest inflation rate, with a rate that has
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What are the world’s largest economies? According to the International Monetary Fund, the following countries have the greatest nominal GDP in the world: What accounts for India’s low GDP? There are two things that stand out. The Indian economy began to revive in March 2013 more than a year before the current government took office
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Japan has the lowest inflation rate of the major developed and emerging economies in November 2021, at 0.6 percent (compared to the same month of the previous year). What is the inflation rate in China? Inflation in China was 2.42 percent in 2020, down 0.48 percent from 2019. In 2019, China’s inflation rate was 2.90
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Released on a monthly basis. GDP is available in three versions, each issued once a month: Advance, Second Release, and Final. Is GDP released every month? US The Gross Domestic Product of the United States, adjusted for inflation, is used to calculate monthly Real GDP. The entire value of products produced and services provided in
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