Economics

How Much GDP Does The US Have?

Retail and wholesale trade industries led the increase in private inventory investment. The largest contributor to retail was inventory investment by automobile dealers. Increases in both products and services contributed to the increase in exports. Consumer products, industrial supplies and materials, and foods, feeds, and beverages were the biggest contributions to the growth in goods […]

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How Does Inflation Affect Housing Market?

Debt is another effect of inflation on the housing market and real estate investing. People don’t borrow as much when inflation rises, making money more expensive to borrow; in certain cases, they don’t borrow at all. As a result, fewer mortgage-financed property purchases occur, potentially flattening economic growth. What effect does inflation have on home […]

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Why Is GDP An Imperfect Measure Of Economic Well Being?

GDP is a rough estimate of a society’s standard of living because it does not directly account for leisure, environmental quality, health and education levels, activities undertaken outside of the market, changes in income disparity, improvements in diversity, increases in technology, or the… Why is GDP such a flawed metric? Which is better for a […]

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