Annual average growth rate: This is the average of changes in each of the four quarters. The annual average growth rate for the year would be 7.5% ÷ 4 = 1.875% if there were four-quarter rates of 2%, 3%, 1.5%, and 1% in one year. Note GDP is the most popular way to measure ...
Describe the difference between economic development and economic growth. How long before the current economic growth in the United States goes into a recession? (a) How is economic growth measured? (b) Why is economic growth important? How is economic grow...
The United States is facing a housing crisis: Affordable housing is inadequate, while luxury homes abound (充裕), and homelessness remains a persistent problem. Despite this, popular culture and the housing industry market hap...
The Silk Road spirit is consistent with the ideal of “all states joining together in harmony and peace” long upheld by the Chinese nation, with the Chinese people’s principles of amity, good neighborliness and “helping others to succeed while seeking our own success”, and with the call ...
Which proverbial interest rate button does the Fed push? What is stagflation? The term stagflation is a portmanteau of the words stagnation and inflation. Stagnation: Economic growth is sluggish, meaning businesses aren’t producing at full capacity, there aren’t enough jobs to keep everyone ...
In other words, in an economy with a 5% annual inflation rate, nominal GDP will increase 5% annually as a result of the growth in prices even if the quantity and quality of the goods and services produced stay the same. In contrast,real GDPis adjusted for inflation. This means that it ...
Without ruling out a role for aggregate demand or for the regulatory environment, I wish to suggest that structural change is an important factor in the current rate of high unemployment. The economy is in a state of transition, in which the middle-class jobs that emerged after World War II...
Many annuities that have a participation rate also have a cap, which in the example above would limit the credited return to 5% instead of 6.4%. Bonus. A percentage of the first-year premiums received that is added to the contract value. Typically, the bonus amount plus any ...
An emerging country has a real GDP of 1443.1. After one year, real GDP has grown to 1472.0. In percentage terms, what is the growth rate? Growth rate: Growth rate is the percentage ratio of real GDP over a period of time. ...
Correction to: Perspective Chapter: MOOC – A Decade Later! What Is the Current Situation in Teacher Education? Advertisement Abstract The growth of distance education, even if in emergency modalities such as those compelled by the pandemic context in which we live in the last 3 years, seems to...