In addition to updated fourth-quarter estimates, today’s announcement includes revised third-quarter 2020 wages and salaries, personal taxes, and government social insurance payments, all based on new data from the Bureau of Labor Statistics Quarterly Census of Employment and Wages program. Wages and salaries are now anticipated to have climbed by $434.5 billion in the third […]
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While headline inflation is defined as the change in the total CPI produced by the PSA from year to year, official core inflation is defined as the change in the headline CPI after omitting specified food and energy items. What does core inflation imply? Core inflation refers to the change in the cost of goods
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It indicates the total value of all commodities and services produced inside a country’s borders over a given time period. Economists can use GDP to evaluate if a country’s economy is expanding or contracting. GDP can be used by investors to make investment decisions; a weak economy means lower earnings and stock values. What does
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Gold has long been thought to be a good inflation hedge. In reality, many people have looked to gold as a “alternative currency,” especially in countries where the national currency is depreciating. When their own currency fails, these countries often resort to gold or other strong currencies. Gold is a genuine, tangible asset that, for
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Inflation, or the gradual increase in the price of goods and services over time, has a variety of positive and negative consequences. Inflation reduces purchasing power, or the amount of something that can be bought with money. Because inflation reduces the purchasing power of currency, customers are encouraged to spend and store up on products
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Many workers, including those who have gotten raises, have discovered that their earnings aren’t enough to pay growing prices due to skyrocketing inflation over the previous year. Two-thirds of those who received raises received raises ranging from 1% to 5% of their wage, significantly below the current rate of inflation. Employees have the upper hand
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Economic and Population Growth: What’s the Connection? Higher population growth rates would definitely lead to higher economic growth rates if population growth and per capita GDP growth are fully independent. What effect does population growth have on GDP? 2. Demographic Trends and Economic Growth Implications In discussions on the drivers of economic growth, demographic factors
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For instance, if prices in an economy have risen by 1% since the base year, the deflated number is 1.01. If nominal GDP is $1 million, real GDP equals $1,000,000 divided by 1.01, or $990,099. What is the formula for calculating real GDP using the deflator and population? Formula for calculating real GDP per capita
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Another method to insulate your 401(k) from potential market volatility is to make consistent contributions. During a downturn, cutting back on your contributions may lose you the opportunity to invest in assets at a bargain. Maintaining your 401(k) contributions during a period of investment growth when your investments have outperformed expectations is also critical. It’s
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The ideal GDP growth rate is between between 2% and 3%. What is the average gross domestic product per capita? The global GDP per capita in 2020 was $10,926, down 4.3 percent from 2019. The global GDP per capita in 2019 was $11,417, up 0.39 percent from 2018. The global GDP per capita in 2018
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