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%. […]
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A recession is a natural element of the business cycle that occurs when the economy declines for two consecutive quarters. A depression, on the other hand, is a prolonged decline in economic activity that lasts years rather than months. This makes recessions far more common: in the United States, there have been 33 recessions and
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A recession is a period of falling economic performance that lasts several months and affects the entire economy. Businesses, investors, and government officials monitor a variety of economic indicators that can help anticipate or confirm the onset of recessions, but the National Bureau of Economic Research (NBER) is the one who officially declares them. To
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Sean Markowicz, a strategist at Hartford Funds, recently discovered that five sectors provide positive returns during inflationary periods: utilities, real estate investment trusts, and financials. What industry benefits from inflation? Because energy is an input cost in all economic activity, the energy sector is perhaps the most renowned inflation-resistant sector of the stock market, and
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New York’s real Gross Domestic Product (GDP) was over 1.4 trillion dollars in 2020. The state’s GDP was 1.49 trillion dollars last year, a decline from the previous year. What is New York City’s Gross Domestic Product (GDP)? New York City is a city in the United States. The GDP of the New York metro
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Although economists and historians disagree about certain 19th-century recessions, the consensus view among economists and historians is that “the cyclical volatility of GDP and unemployment was greater before the Great Depression than it has been since the end of World War II.” Cycles in agricultural production, industrial production, consumption, and business. Recessions in the United
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What is the state of the American dream in light of the shattered economy, rising unemployment, and housing market collapse? Last month, pollsters for The New York Times and CBS News set out to answer that question. And the outcomes appeared to be somewhat contradictory. Despite the fact that the country is in its darkest
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According to U.S. Labor Department data published March 10, the annual inflation rate in the United States was 7.9 percent for the 12 months ended February 2022, the highest since January 1982 and after reaching 7.5 percent earlier. On April 12, at 8:30 a.m. ET, the next inflation update will be released. It will provide
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The Great Recession lasted from December 2007 to June 2009, making it the longest downturn since World War II. The Great Recession was particularly painful in various ways, despite its short duration. From its peak in 2007Q4 to its bottom in 2009Q2, real gross domestic product (GDP) plummeted 4.3 percent, the greatest drop in the
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Between 1985-86 and 2017-18 academic years, the average cost of attending a four-year college or university in the United States increased by 497 percent, more than twice the rate of inflation. Traditional four-year universities have seen tuition rise more than twice as fast as inflation, while two-year community schools have seen tuition rise a third
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