The fundamental reason for Ireland’s high GDP growth rates is that, in recent years, a number of large multinational firms have transferred their economic activities, and more especially their underlying intellectual property, to Ireland, largely due to low corporate tax rates. Why is Ireland’s economy performing so well? Since 2014, certain economic pundits and media […]
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The rate of change in the prices of anything from a bar of Ivory soap to the cost of an eye exam is characterized as inflation. The consumer price index is the most often used measure of inflation in the United States. Simply explained, the index measures the average cost of a basket of products
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Inflation is the rate at which the price of goods and services in a given economy rises. Inflation occurs when prices rise as manufacturing expenses, such as raw materials and wages, rise. Inflation can result from an increase in demand for products and services, as people are ready to pay more for them. Some businesses
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The monetary worth of all finished goods and services produced inside a country during a certain period is known as the gross domestic product (GDP). GDP is a measure of a country’s economic health that is used to estimate its size and rate of growth. GDP can be computed in three different ways: expenditures, production,
Double counting refers to the practice of counting the value of a product more than once. The value of the final commodities and services generated by all of a country’s production units during the year is counted in the computation of national income. Intermediate items are not included in the calculation. When computing the GDP,
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With unemployment at levels not seen since the Great Depression the greatest economic slump in the history of the industrialized world some may be asking if the country will fall into a depression, and if so, what it will take to do so. Is the United States currently experiencing a depression? According to new research
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According to Nolan Bauerle, research director at CoinDesk, 90 percent of today’s cryptocurrencies will not survive a market crisis. Those that survive will have the upper hand in the game, boosting earnings for early investment. And, if RBC Capital’s prediction of a future $10 trillion market for cryptocurrencies is correct, those gains are considerable. Is
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Price increases could be a sign of a fast-growing economy. Demand for products and services is fueled by people buying more than they need to avoid tomorrow’s rising prices. Suppliers are unable to keep up. Worse still, neither can wages. As a result, most people are unable to afford common products and services. To the
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The GDP Deflator method necessitates knowledge of the real GDP level (output level) as well as the price change (GDP Deflator). The nominal GDP is calculated by multiplying both elements. GDP Deflator: An In-depth Explanation The GDP Deflator measures how much a country’s economy has changed in price over time. It will start with a
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A recession is a prolonged period of low economic activity that might last months or even years. When a country’s economy faces negative gross domestic product (GDP), growing unemployment, dropping retail sales, and contracting income and manufacturing metrics for a protracted period of time, experts call it a recession. Recessions are an inescapable element of
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