The African economy, which includes 54 countries, is expected to be worth $2.7 trillion in nominal terms in 2021, up $296 billion from 2020, according to IMF data. This is $246 billion less than the GDP of France, the world’s seventh largest economy. In nominal terms, Africa accounts for 2.84 percent of global GDP. After […]
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A recession-proof business can be extremely profitable for people in both good and bad times. Whatever the state of the economy or the stock market, certain company concepts, such as those listed below, have a good possibility of succeeding despite the rest of the financial doom and gloom. Many well-known or historically successful enterprises were
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Gold has long been thought to be a good inflation hedge. In reality, many people have looked to gold as a “alternative currency,” especially in countries where the national currency is depreciating. When their own currency fails, these countries often resort to gold or other strong currencies. Gold is a genuine, tangible asset that, for
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The purchasing power of your money in the future. The same amount of money will lose its value over time due to inflation. Your money’s return when compounded with an annual percentage rate of return. We can compute the future value of your money using this method if you invest your money with a fixed
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The following were the outcomes by year: In 2008, President Bush’s final year in office, the country lost 3.55 million people. President Barack Obama’s first year in office resulted in a loss of $5.05 million. 8.6 million dollars were lost in all. During the Great Recession, which began in 2008, how many jobs were lost?
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How Is GDP Per Capita Calculated? GDP per capita is calculated by dividing a country’s gross domestic product (GDP) by its population. This figure represents a country’s standard of living. What is the formula for calculating GDP per capita? The percentage change in real GDP per capita between two consecutive years is used to compute
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Japan’s inflation is hovering around a two-year high, and the Bank of Japan is warning about pricing pressure. What is the inflation rate in Japan in 2021? In November, Japan’s core inflation rate increased. In November 2021, core consumer prices in Japan rose 0.5 percent over the same month the previous year, exceeding market expectations
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The United States’ annual inflation rate has risen from 3.2 percent in 2011 to 4.7 percent in 2021. This suggests that the dollar’s purchasing power has deteriorated in recent years. What will be the rate of inflation in 2020? In 2020, the inflation rate was 1.23 percent. Inflation is presently 7.87 percent higher than it
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The Gross Domestic Product (GDP) is a metric that measures the worth of a country’s economic activities. GDP is the sum of the market values, or prices, of all final goods and services produced in an economy during a given time period. Within this seemingly basic concept, however, there are three key distinctions: GDP is
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The value of a country’s Gross Domestic Product (GDP) per Capita reflects its growth rate. The value of HDI, which can influence the amount of economic growth in the value of its GDP, demonstrates the influence of human power resources. Quizlet: What is the link between GDP and HDI? Due to the fact that GDP
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