The good news is that during periods of inflation, interest rates tend to climb. Your bank may not be paying much interest right now, but as inflation rises, your APY on savings accounts and CDs will become more appealing. Is it true that CDs keep up with inflation? CDs may be able to keep up […]
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As can be seen in the ranking of GDP of the 195 nations that we publish, the United States is the world’s top economy in terms of GDP. The GDP of the United States has decreased in absolute terms. How much did the economy contract in 2008? The phrase “Great Recession” is a pun on
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The growth rates seen in the constant local pricing series are preserved in our constant U.S. dollar price series. To make constant price averages, we convert each country’s constant local pricing data into constant 2010 US dollars, then sum by year with implicit gap-filling of missing values. Different nation weights in aggregations based on the
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California’s gross domestic product (GDP) was around 3.09 trillion dollars in 2020, making it the state that contributed the most to the country’s GDP that year. Vermont, on the other hand, had the lowest GDP in the country, with 32.8 billion dollars. Who has the lowest gross domestic product? In 2020, the 20 countries with
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Inflation, according to economists, occurs when the supply of money exceeds the demand for it. When inflation helps to raise consumer demand and consumption, which drives economic growth, it is considered as a positive. Some people believe inflation is necessary to prevent deflation, while others say it is a drag on the economy. Some inflation,
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The GDP deflator, also known as the implicit price deflator, tracks changes in the prices of goods and services produced in the United States, including those exported to other nations. Import prices are not included. What does GDP deflator stand for? The GDP price deflator tracks price fluctuations across all commodities and services produced in
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Most investors should avoid investing in highly leveraged, cyclical, or speculative companies during a recession, as these companies have the highest likelihood of doing poorly during difficult economic circumstances. Investing in well-managed companies with little debt, high cash flow, and robust balance sheets is a superior recession strategy. In a downturn, counter-cyclical equities do well
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Exports of goods and services as a percentage of GDP in China are 18.50 percent, while imports of goods and services are 17.34 percent. What percentage of China’s GDP is made up of trade? The sum of commodities and services exported and imported as a percentage of GDP is known as trade. In 2020, China’s
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Raising the minimum wage, in theory, forces business owners to raise the pricing of their goods or services, causing inflation. Will raising the minimum wage lead to inflation? As inflation reaches historic highs, lawmakers and analysts are debating the causes, which include pandemic-related shocks as well as government-imposed limitations and swings in consumer demand. One
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In the first two quarters of 2020, the US economy was in recession for the first time. In the second quarter of this year, it increased by 6.7 percent over the previous quarter. However, according to a recent article by two well-known economists, GDP estimates might fall into negative territory for the rest of the
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