Real gross domestic product is an inflation-adjusted measure of the value of all goods and services produced in an economy.
Economists use a process that adjusts for inflation to arrive at an economy’s real GDP. By adjusting the output in any given year for the price levels that prevailed in a reference year, called thebase year, economists can adjust for inflation’s impact. This way, it is possible to comp...
Ditch any thought of quiet quitting –which is doing the bare minimum – and instead prove that you're pulling your weight in the workplace. Also, don’t be afraid to speak with your boss or supervisor, Cole says. Ask their advice on where you might be able to improve or ...
Why productivity growth is declining in advanced economies Two waves have dragged down productivity growth by 1.9 percentage points on average across countries since the mid-2000s (Exhibit 3). The waning of a boom that began in the 1990s with the first information and communications technology (IC...
Even if you're in a city that's more affordable, the reality is that living alone can be costly. So here are some tips to make solo living more manageable. There are definite benefits to being single, like living on your own terms and spending your nonworking hours doing ex...
In other words, why are you doing a no-spend challenge? The more specific your goal, the better. "Talk about why you should stop spending money. Is it to pay off credit cards, save for a vacation, or do you want to break the cycle of consumerism? Talk about your purpose," says Jo...
Why is purpose important? When companies are created, they typically have a purpose, a guiding lens for business decisions that reflect the company’s core reason for being. Purpose answers the tough question “What would the world lose if the company disappear...
Scientists may have been talking about climate change for years but 2019 was the year when the issue went mainstream. Even as the year ended, the news was filled with stories about rampant bushfires in Australia and flooding in Indonesia. As the evidence mounts that the earth is warming, cli...
Water is a resource that is essential to human survival and is also present in all productive processes in the economy. Therefore, we are challenged to adequately manage water to ensure the population’s well-being and to achieve socioeconomic development. Specifically, this paper analyzes the ...
Production in space is not disappearing, but it is oriented differently. One can speak of an economy of flow: the flow of energy, the flow of raw material, the flow of manpower.” [39] (p. 186). Based on the evolution of human society, it is evident that human civilization is ...