What does GDP measure? What does GDP do? What is the current GDP growth rate? A) What does the level of a nation's GDP measure? B) What does the growth rate of GDP measure? C) Would you rather live in a nation with a high level of GDP and a low growth rate or in a nation...
This article uses Bi-directional Reiterative Truncated Projected Least Squares (BD-RTPLS) to estimate annual dGDP/dG (GDP, Gross Domestic Product and G, government spending) multipliers for the USA between 1930 and 2008. The analysis is redone with quarterly data from 1947 to 2008. To account...
The national debt is the sum total of all the money the United States government has borrowed but not yet repaid. The current national debt is $36.2 trillion, according to the U.S. Treasury Department. The figure represents how much the U.S. owes its creditors, which include the American...
Current Account Balance: The current account balance is a measure of the transactions of an economy with the rest of the world. An economy's current account balance is the sum of its net transfer payments, net income from fo...
Part of the good news about a soft landing is that inflation is projected to continue cooling from its current level of 3.1%. And that could help consumers increase their standard of living, given that employers say they'll boostwages by 4%next year. ...
“Reaganomics” is widely celebrated as a golden age for the American economy, but the numbers tell a different story. GDP growth during Reagan’s presidency averaged just 1.9%—an improvement from the early 1980s recessions but well below the 2.6% pre-recession average (F...
A fourth phase, digital money, is on the horizon. This includes private digital assets (e.g. bitcoin and stablecoins) and public digital currencies (e.g. central bank digital currencies) that can change how we do banking, and what economic tools policymakers have in terms of fiscal and mon...
RankCountryDebt as a Percent of GDP 1 Japan 266.2 2 Sudan 259.4 3 Greece 205.2 4 Italy 161.8 5 Portugal 137.2 6 Singapore 131.2 7 USA 131.2Source: IMF How Is the US National Debt Calculated? The US national debt is subdivided into two sections: Debt held by the public Intragovernmental ho...
You can see the economic overview for each of the USA’s top export partners by clicking the country name in the table below: CountryAmount Annually Canada$266 billion Mexico$229 billion China$115 billion Japan$63.2 billion United Kingdom$55.3 billion ...
Money laundering was deemed illegal in the United States in 1986 with the passage of the Money Laundering Control Act. TheUSA Patriot Actexpanded money laundering efforts after Sept. 11, 2001. The Association of Certified Anti-Money Laundering Specialists (ACAMS) offers a professional designation kno...