When the GDP growth rate is negative for two consecutive quarters or more, it is commonly referred to as a recession. However, a recession can start quietly before the quarterly GDP numbers are released. The National Bureau of Economic Research measures the other four criteria for this reason. What are the early warning signals of […]
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Indeed, if the federal minimum wage had kept up with worker productivity since 1968, the inflation-adjusted minimum wage would be $24 per hour. Working people should share in the wealth they help create, and our wages should rise as we become more productive, according to the labor movement. What effect does inflation have on your
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Real GDP is a macroeconomic statistic that adjusts for inflation and reflects the value of goods and services produced by an economy over a certain period. In essence, it calculates a country’s overall economic production after adjusting for price changes. What exactly does real GDP imply? GDP is significant because it provides information on the
ABUJA, 15 JUNE 2021 Nigeria’s economy contracted by 1.8 percent in 2020, the most since 1983. The economic recession was triggered by the COVID-19 crisis; the external environment was characterized by capital withdrawals, increased risk aversion, low oil prices, and falling foreign remittances. Nigeria’s Current Situation According to Resilience through Reforms, the Nigerian government’s reforms
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Japan’s gross domestic product is expected to be approximately 5.05 trillion dollars in 2020. Japan is now ranked third in the world in terms of GDP. What is the current GDP of Japan in 2021? According to Trading Economics global macro models and analysts, Japan’s GDP is predicted to reach 5200.00 USD billion by the
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Upon expiration, many financial futures contracts, such as the popular E-mini contracts, are cash settled. This means that the contract’s value is marked to market on the last day of trading, and the trader’s account is debited or credited based on whether the trader made a profit or loss. To preserve the same market exposure,
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According to my calculations, the lowest-income households are experiencing inflation at 7.2 percent, which is more than any other category. The rate of change was 6.6 percent for the highest-income families. The gap between the two income categories grew significantly throughout 2021, starting at 0.16 percentage point and finishing at 0.6 percentage point, close to
Does Inflation Hurt The Poor? Read More »
GDP is significant because it provides information on the size and performance of an economy. The pace of increase in real GDP is frequently used as a gauge of the economy’s overall health. An increase in real GDP is viewed as a sign that the economy is performing well in general. Why is GDP a
Is GDP A Good Measure? Read More »
The United States is a mature market economy with the biggest nominal GDP and net wealth in the world. After China, it has the second-largest purchasing power parity (PPP) economy. In 2021, it had the ninth highest nominal per capita GDP and the fifteenth highest PPP per capita GDP in the world. The United States
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Chairman Jerome Powell said Tuesday that the Federal Reserve has a different understanding of the term “transitory inflation” than most Americans, suggesting that the term be “retired.” Powell and Treasury Secretary Janet Yellen spoke before the Senate Banking, Housing, and Urban Affairs Committee on Tuesday, the first of two days of evidence on the Coronavirus
What If Inflation Is Not Transitory? Read More »
