The good news is that if you retire and reach the age of 62, you will receive a COLA (cost of living adjustment) every year on your FERS pension. In practice, this means that your pension will grow a bit each year in order to keep up with inflation. The bad news is that if […]
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Over the next five years, India is anticipated to have the fastest economic growth of the 132 countries analyzed by FocusEconomics. While the country was heavily struck by the Covid-19 outbreak and the following draconian lockdown last spring, infection rates have dropped dramatically in recent months, the domestic vaccine campaign is now underway, and recent
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The total unduplicated value of products and services produced in a country’s or region’s economic territory over a certain period is known as gross domestic product (GDP). GDP can be calculated in three different ways. There are three approaches: production, revenue, and expenditure. To calculate value added, subtract an industry’s or sector’s output from its
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The GDP statistic for 2020 was $31,735 million, putting Lebanon at number 100 in our ranking of 196 nations by GDP. Lebanon’s GDP fell by $20,636 million in absolute terms in 2019 compared to the previous year. What is the main source of revenue for Lebanon? The Lebanese government relies heavily on tax receipts, the
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The rise in exports was mostly due to a rise in goods (led by industrial supplies and materials). Nonresidential fixed investment increased as a result of increases in all components, headed by equipment. Spending on services (headed by health care) accounted for more than half of the growth in PCE; spending on products fell (led
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Gross domestic product (GDP) per capita quantifies a country’s economic output per person and is determined by dividing a country’s GDP by its population. Per capita GDP is a global measure of a country’s prosperity that economists use in conjunction with GDP to assess a country’s prosperity based on its economic growth. The highest per
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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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Inflation is the fault of Corporate America, according to President Joe Biden and other politicians. Corporate America accuses the administration of pumping too much money into the economy through its pandemic assistance initiatives. Regardless of which of the two primary inflation gauges you choose the Consumer Price Index or the Fed-favored Personal Consumption Expenditures price
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1. Deflation (price declines negative inflation) is extremely dangerous. People are hesitant to spend money while prices are falling because they believe items will be cheaper in the future; as a result, they continue to postpone purchases. Furthermore, deflation raises the real worth of debt and lowers the disposable income of people who are trying
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According to Zillow, the value of a typical middle price tier single family dwelling in the United States has soared by over 90% in less than ten years (through Sep 30, 2021). Home prices are expected to grow by 13.6 percent in the coming year, according to the business. During periods of inflation, real estate
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