GDP is significant because it provides information on the size and performance of an economy. The pace of increase in real GDP is frequently used as a gauge of the economy’s overall health. An increase in real GDP is viewed as a sign that the economy is performing well in general. What are the prices […]
Why Are Money Prices Used In Calculating GDP? Read More »
Purchasing a vehicle ahead of a possible recession may not seem like a good idea, but if you have the financial means, now is a fantastic time to do it. The current economic scenario differs from the Great Recession of the early 2000s, which resulted in the drying up of lines of credit for potential
Do Car Prices Drop During A Recession? Read More »
GDP, or gross domestic product, is one of the most commonly used terms. It is frequently mentioned in newspapers, on television news, and in government, central bank, and company publications. It has become widely accepted as a barometer of national and global economic health. What does GDP mean? This article is part of Statistics for
What Is GDP Full Form? Read More »
The CPI market basket excludes housing units. The CPI, like most other economic indices, considers housing units to be capital (or investment) products rather than consumer goods. Purchasing and improving homes and other housing units is considered investment rather than consumption. What happens to homes when prices rise? According to Zillow, the value of a
Does Inflation Include Housing? Read More »
Houses, like cars, become less expensive during a recession due to lower demand more people are hesitant to make a significant move, thus prices drop to lure the few purchasers who remain. Still, Jack Choros, finance writer for CPI Inflation Calculator, advises against going on too many internet house tours. “You need a job to
Are Cars Cheaper During Recession? Read More »
In a downturn, there are eight different types of funds to consider. During a recession, are savings accounts safe? An FDIC-insured bank account is one way to keep your money safe. You’re probably already protected if you have checking and savings accounts with a traditional or online bank. If an FDIC-insured bank or savings organization
How To Protect Savings From Recession? Read More »
Total national health expenditures expressed as a percentage of GDP, 1970-2020. In 2020, the share of GDP devoted to health care increased to 19.7%, a significant increase over previous years. While the pandemic increased total health spending in 2020, the economy shrank by 2.2 percent. What will the US spend on healthcare in 2020? Health-care
How Much Of Our GDP Is Spent On Healthcare? Read More »
Savings accounts, money market accounts, and certificates of deposit (CDs) are all options for storing funds at your local bank. You might also use a broker to invest in the stock market. Let’s take a look at each of these options one by one. Save it in a savings account If you think you’ll need
Are Savings Accounts Safe During A Recession? Read More »
To listen to the podcast, press play on the player above and follow along with the transcript below. In its current form, this transcript was created automatically and then edited for clarity. Between the audio and the text, there may be some discrepancies. Republican attempts to invalidate state-ordered congressional districting schemes in North Carolina and
Is America Headed Towards A Recession? Read More »
Between 1914 and 2022, the United States’ inflation rate averaged 3.25 percent, with a high of 23.70 percent in June 1920 and a low of -15.80 percent in June 1921. Is this the biggest level of inflation in 40 years? WASHINGTON, D.C. (AP) Consumer inflation surged 7.9% last year, the highest level since 1982, fueled
What Was The Highest Inflation Rate Ever? Read More »
