Inflation is defined as the rate at which a currency’s value falls and, as a result, the overall level of prices for goods and services rises. Demand-Pull inflation, Cost-Push inflation, and Built-In inflation are three forms of inflation that are occasionally used to classify it. The Consumer Price Index (CPI) and the Wholesale Price Index […]
What Is Currency Inflation? Read More »
Inflation is defined as an increase in the cost of goods and services, which reduces the purchasing power of the currency. Consumers can buy fewer things when inflation rises, input prices rise, and earnings and profits fall. As a result, the economy slows until the situation stabilizes. What is the market’s reaction to inflation? Consumers,
How Does The Market React To Inflation? Read More »
Unfortunately, a worldwide economic recession in 2021 appears to be a foregone conclusion. The coronavirus has already wreaked havoc on businesses and economies around the world, and experts predict that the devastation will only get worse. Fortunately, there are methods to prepare for a downturn in the economy: live within your means. In 2022, what
What Are The Chances Of A Recession In 2021? Read More »
Nigeria, the most populous country in OPEC, has a population of roughly 213 million people. Nigeria is a 924 thousand square kilometer country on Africa’s western coast, located on the Gulf of Guinea. Abuja, Nigeria’s capital since 1991, has a population of over a million people. The official language of Nigeria is English, however numerous
What Percentage Of Nigeria’s GDP Is From Oil? Read More »
To listen to the podcast, press play on the player above and follow along with the transcript below. In its current form, this transcript was created automatically and then edited for clarity. Between the audio and the text, there may be some discrepancies. Republican attempts to invalidate state-ordered congressional districting schemes in North Carolina and
Are We Expecting Another Recession? Read More »
There are many other ways to quantify gross domestic product (GDP), including real GDP and potential GDP, but the numbers are often so similar that it’s impossible to tell the difference. Because potential GDP is predicated on continuous inflation, whereas real GDP can change, real GDP and potential GDP address inflation differently. Potential GDP is
What Is The Difference Between Real GDP And Potential GDP? Read More »
GDP has always been an indicator of output rather than welfare. It calculates the worth of goods and services generated for final consumption, both private and public, in the present and future, using current prices. (Future consumption is taken into account because GDP includes investment goods output.) It is feasible to calculate the increase of
Is GDP A Measure Of Social Welfare? Read More »
The idea of gross domestic product, or GDP, arose from the carnage of the Great Depression and World War II: the ultimate measure of a country’s overall welfare, a window into an economy’s soul, the number to end all statistics. Its popularity grew quickly, and it became the century’s defining indicator. However, in today’s globalized
Why Was GDP Created? Read More »
The US economy will have a recession, but not until 2022. More business cycles will result as a result of Federal Reserve policy, which many enterprises are unprepared for. The decline isn’t expected until 2022, but it might happen as soon as 2023. If the Fed manages to prevent a recession in 2023, expect a
What To Expect In Next Recession? Read More »
Definition: For a particular national economy, the yearly average rate of change in gross domestic product (GDP) at market prices based on constant local currency during a certain period of time. What is a good rate of yearly GDP growth? Economists frequently agree that the ideal rate of GDP growth is between 2% and 3%.
What Is GDP Annual Growth Rate? Read More »
