Inflation is defined as the rate at which prices rise over time. Inflation is usually defined as a wide measure of price increases or increases in the cost of living in a country. In basic terms, what is inflation? Inflation is defined as a gradual increase in the prices of goods and services in the […]
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If you are unable to obtain forbearance but maintain decent credit, you may be able to improve your financial condition by refinancing your mortgage. During times of recession, mortgage interest rates tend to decline, which means refinancing could result in a reduced monthly payment, making it simpler to fulfill your financial responsibilities. If you have
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Correction: The original item on January 21, 2020 stated that the hourly wage was $24. On March 16, 2022, a spreadsheet error was discovered and repaired. The data in this page have been revised throughout. For a complete explanation, see Dean Baker’s post. Until 1968, the minimum wage not only kept pace with inflation, but
Why Hasn’t Minimum Wage Kept Up With Inflation? Read More »
Gross investment and government consumption expenditures: This is a measure of government spending on goods and services that is included in GDP. Consumption expenditures include money spent on the government’s workforce as well as products and services such as military jet fuel and government building and other structure rent. Government expenditures on structures, equipment, and
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The recent price increase has rightly concerned Americans, and Senator Manchin has used rising prices a primary justification for his opposition to the enormous Build Back Better Act (BBB). Both feel that the BBB, notably the tax increases, will cause prices to rise even more. On the other hand, President Biden and others reject the
Will The Infrastructure Bill Cause Inflation? Read More »
Alberta’s economy is the sum of all economic activity in the province, which is Canada’s fourth largest by population. In 2018, Alberta’s GDP was CDN$338.2 billion. Despite Alberta’s involvement in a variety of industries, including agriculture, forestry, education, tourism, banking, and manufacturing, the province’s politics and culture have been inextricably linked to the production of
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Personal consumption, private investment, government spending, and exports are all factors that go into calculating a country’s GDP (minus imports). What accounts for the majority of US GDP? GDP is the total of an economy’s final expenses or overall economic production over a certain accounting period. Personal consumption expenditures, corporate investment, government expenditures, and net
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Argentina competed with other South American countries and a few countries from other areas of the world for the dubious honor of having the world’s highest inflation rate from the end of WWII until the 1990s. The price rise in Argentina was propelled by rapidexpansion of the money supply, as is always the case with
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Inflation is defined as the rate at which prices rise over time. Inflation is usually defined as a wide measure of price increases or increases in the cost of living in a country. What does economic inflation look like? You aren’t imagining it if you think your dollar doesn’t go as far as it used
What Is Economic Inflation? Read More »
Recessions typically last eight to nine months, putting the next one around the middle of 2024. Is a recession in 2022 expected? 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
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