Economics

Who Created GDP?

The gross domestic product (GDP) is the most often used indicator of economic activity. At the end of the 18th century, the first basic concept of GDP was developed. The contemporary notion was devised by American economist Simon Kuznets in 1934 and recognized as the primary indicator of a country’s economy at the 1944 Bretton

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Does Social Security Go Up With Inflation?

Because of rising inflation, Social Security recipients are receiving the biggest cost-of-living increase in decades. The rise of 5.9% went into effect in January. Since the adjustment was announced in October, prices have continued to rise. What effect does inflation have on Social Security? Benefits from Social Security and Supplemental Security Income (SSI) are adjusted

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