One way to determine how well a country’s economy is doing is by its GDP growth rate, which reflects the increase or decrease in the percentage of economic output in monthly, quarterly, or yearly periods. GDP enables economic policymakers to assess whether the economy is weakening or strengthe...
Economists are the people who study different aspects of a market to understand its functioning and the relationship among the market elements such as output, price, consumer, producer, and so on. To understand their nature, economists develop various theories and models using assumptions.Answer and...
The GDP Deflator and Growth Rate Comparisons Comparing the growth rates of two economies requires using the GDP inflator to differentiate between real and nominal growth in successive years. For example, using the GDP Deflator allows you to understand that real Chinese GDP in 2014 grew at the rat...
Macroeconomics | Definition, Principles & Examples from Chapter 4 / Lesson 9 200K Understand the definition of macroeconomics and what macroeconomics focuses on. Learn the principles of macroeconomics, including economic output, economic growth, unemployment, inflation and deflation, and investment. ...
Economic Conditions:Economic factors, such as GDP growth, interest rates, inflation, and unemployment, can heavily influence stock prices. A strong economy typically boosts corporate profits, leading to higher stock prices, while economic downturns can depress stock prices. ...
In 1980, China's gross domestic product (GDP) was about 307.8 billion U.S. dollars, the per capita GDP was 310 dollars and per capita disposable personal income was 165 dollars. That sum of money was just enough to meet people's basic demand on food and clothing. ...
insight into their own country’s domestic productivity and the productivity of other countries. Per-capita GDP considers both a country’s GDP and its population. Therefore, it can be important to understand how each factor contributes to the overall result and is affecting per-capita GDP growth...
governments may observe how unemployment rates have fluctuated over the past five years. A single instance of unemployment rates doesn't yield much value; however, comparing it to prior periods allows analysts to better understand the issue
2) Understand the timeframe:Economic data releases come with a lag. Thursday’s data is for the US economy from April to June. But it is fair to say that since at least May, momentum indicators of the US economy have started to look weaker (delinquencies, cooling job market). Where the...
How to better understand the disagreement among economists? This article intends to answer this question from the angle of economics methodology.Economics can be divided into value-free positive economics and value-bearing normative economics.The disagreement over positive issues is basically on economic ...