In the United States, the 1970s were the decade of inflation. While it may come as a surprise to some that the average inflation rate for the decade was only 6.8%, this pace is roughly quadruple the rate of the previous two decades and double the long-run historical norm (see table 12.1). Why was inflation […]
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Gross domestic product (GDP) at current market prices is referred to as nominal GDP. The monetary value of all products and services generated in a country is measured by GDP. Nominal GDP differs from real GDP in that it takes into account price changes due to inflation, which measures the rate at which prices rise
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According to Trading Economics global macro models and analysts, Argentina’s GDP per capita is anticipated to reach 12500.00 USD by the end of 2021. According to our econometric models, Argentina’s GDP per capita is expected to trend at 12600.00 USD in 2022 and 12800.00 USD in 2023. When was Argentina the wealthiest country on the
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The word “monetary policy” refers to the actions taken by the Federal Reserve, the United States’ central bank, to influence the amount of money and credit available in the economy. Interest rates (the cost of borrowing) and the performance of the US economy are affected by what happens to money and credit. This quiz will
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The gross domestic product, abbreviated as GDP, is a basic indicator of a country’s economic size. GDP is the sum of the gross value added of all resident institutional units engaged in production, plus any product taxes and minus any product subsidies, as an aggregate measure of production. The difference between production and intermediate consumption
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The Great Recession, which ran from December 2007 to June 2009, was one of the worst economic downturns in US history. The economic crisis was precipitated by the collapse of the housing market, which was fueled by low interest rates, cheap lending, poor regulation, and hazardous subprime mortgages. New financial laws and an aggressive Federal
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During a recession, you can keep your money as safe as possible by putting it in a federally insured account, building (or adding to) an emergency fund, and paying down debt. In addition, you can safeguard your finances by monitoring your credit reports and ratings on a regular basis to help you strengthen your credit
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Buying a home during a recession will, on average, earn you a better deal. As the number of foreclosures and owners forced to sell to stay afloat rises, more homes become available on the market, resulting in reduced housing prices. Because this recession is unlike any other, every buyer will be in a unique position
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In general, inflation devalues a currency because inflation is defined as a reduction in the purchasing power of a currency. As a result, countries with significant inflation see their currencies depreciate in value against other currencies. What effect does inflation have on the dollar? Inflation has a negative impact on the time value of money
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“While cash isn’t a growth asset, it will typically stay up with inflation in nominal terms if inflation is accompanied by rising short-term interest rates,” she continues. CFP and founder of Dare to Dream Financial Planning Anna N’Jie-Konte agrees. With the epidemic demonstrating how volatile the economy can be, N’Jie-Konte advises maintaining some money in
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