The real gross domestic product (GDP) of the Washington, DC metro area was 485.14 billion US dollars in 2020. dollars. This represents a decline from the previous year’s real GDP of 499.24 billion dollars. What state in the United States has the highest GDP? In the third quarter of 2020, real GDP increased in all […]
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The Gross Domestic Product (GDP) is a metric that measures the size and health of a country’s economy over time (usually one quarter or one year). It’s also used to compare the size of various economies at different times. What exactly does GDP represent? GDP quantifies the monetary worth of final goods and services produced
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Bonds’ deadliest enemy is inflation. The purchasing power of a bond’s future cash flows is eroded by inflation. Bonds are typically fixed-rate investments. Inflation (or rising prices) reduces the return on a bond in real terms, which means adjusted for inflation. When a bond pays a 4% yield and inflation is 3%, the bond’s real
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Cavallo revealed that in the United States in January and February 2020, the official CPI from the Bureau of Labor Statistics and his computed COVID-19 CPI were substantially similar. However, the COVID-19 inflation estimate was greater than the official CPI in March of that year (the commencement of the pandemic’s initial outbreak in the United
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In 2021, total health expenditures in Canada are estimated to exceed $308 billion, or $8,019 per person. Health spending is expected to account for 12.7 percent of Canada’s gross domestic product (GDP). See our report National Health Expenditure Trends for additional information. The National Health Expenditure Database (NHEX) is Canada’s major source of health spending
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While the global financial crisis aggravated the situation, Ireland’s banking crisis was mostly caused by domestic factors. The collapse of the domestic property sector triggered the crisis, which resulted in a drop in national output. Its main cause is located in Irish banks’ ineffective risk management methods and the financial regulator’s failure to effectively regulate
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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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Iranians have been experiencing rising poverty in recent years. Poverty has a direct impact on Iranian households’ livelihoods and food baskets. According to official statistics issued by the Research Center of the Iranian Parliament, every Iranian has been 36 percent poorer on average between 2011 and 2019. The first impact of poverty is on household
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Inflation is the rate at which the price of goods and services in a given economy rises. Inflation occurs when prices rise as manufacturing expenses, such as raw materials and wages, rise. Inflation can result from an increase in demand for products and services, as people are ready to pay more for them. Some businesses
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The entire cash worth of all products and services produced over a given time period is referred to as GDP. In a nutshell, it’s all that people and corporations generate, including worker salaries. The Bureau of Economic Analysis, which is part of the Department of Commerce, calculates and releases GDP figures every quarter. The BEA
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