Economics

How To Estimate GDP?

Gross domestic product (GDP) equals private consumption + gross private investment + government investment + government spending + (exports Minus imports). GDP is usually computed using international standards by the country’s official statistical agency. GDP is calculated in the United States by the Bureau of Economic Analysis, which is part of the Commerce Department. The

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How Can The Federal Reserve Fight Recession?

Congress has given the Federal Reserve a dual duty to preserve full employment and price stability in the US economy. During recessions, the Fed uses a variety of monetary policy tools to assist lower unemployment and re-inflate prices. Open market asset purchases, reserve regulation, discount lending, and forward guidance to control market expectations are some

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