The Gross Domestic Product (GDP) is a metric that measures the size and health of a country’s economy over time (usually one quarter or one year). It’s also used to compare the size of various economies at different times. What is GDP and how is it calculated? GDP is calculated by adding up the quantities […]
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The United States’ annual inflation rate has risen from 3.2 percent in 2011 to 4.7 percent in 2021. Is inflation in the United States currently high? The US inflation rate has reached a new 40-year high of 7.9%. The annual rate of inflation in the United States increased to 7.9% in February 2022, the highest
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You may opt for an adjustable-rate mortgage while purchasing a home (ARM). In some circumstances, this is a wise decision (as long as interest rates are low, the monthly payment will stay low as well). Early in a recession, interest rates tend to decline, then climb as the economy recovers. This indicates that an adjustable
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As the early Roman Empire’s economy flourished, sound fiscal policies implemented by Tiberius (AD 14-37) and other early emperors served to keep inflation in line. With the expansion in trade, the money supply grew in lockstep. Taxes were kept modest as well: each province paid a 1% wealth tax and a flat tax on all
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According to the IMF, China’s GDP (nominal) and GDP (PPP) per capita income ranked 59th and 73rd, respectively, in 2020. In 2020, China’s gross domestic product (GDP) was $15.66 trillion (101.6 trillion yuan). What is the total GDP of China in 2021? According to GDP statistics from 2021, China’s most productive provinces and cities are
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Inflation isn’t going away anytime soon. In fact, prices are rising faster than they have been since the early 1980s. According to the most current Consumer Price Index (CPI) report, prices increased 7.9% in February compared to the previous year. Since January 1982, this is the largest annualized increase in CPI inflation. Even when volatile
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The monetary worth of all finished goods and services produced inside a country during a certain period is known as the gross domestic product (GDP). GDP is a measure of a country’s economic health that is used to estimate its size and rate of growth. GDP can be computed in three different ways: expenditures, production,
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Speculating should be avoided during a recession, especially on stocks that have taken the most beating. During recessions, weaker companies frequently go bankrupt, and while stocks that have plummeted by 80%, 90%, or even more may appear to be bargains, they are usually inexpensive for a reason. Always keep in mind that a broken business
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A global recession is a prolonged period of worldwide economic deterioration. As trade links and international financial institutions carry economic shocks and the impact of recession from one country to another, a global recession involves more or less coordinated recessions across several national economies. What are three things that occur during a recession? People from
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GDP is a measure of the size and health of our economy as a whole. GDP is the total market value (gross) of all (domestic) goods and services produced in a particular year in the United States. GDP tells us whether the economy is expanding by creating more goods and services or declining by producing
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