In the fall of 1973, that event was the embargo imposed by OPEC on oil exports to the United States. The prices of oil and its byproducts shot up immediately, exacerbating an already inflationary environment. The contagion spread to US stock markets and economies around the world. Today, ...
The CPI-U, which was introduced in 1978, represents the buying habits of approximately 88% of the noninstitutional population of the United States.45Wholesale Price Index (WPI) The WPI is another popular measure of inflation. It measures and tracks the changes in the price of goods in the st...
financial market participants, and business executives are more interested in changes in the GDP over time, which are reported as an annualized rate of growth or contraction. This makes it easier to compare annual and quarterly rates.
Their obsession with shaking up the Justice and Defense departments isn’t about improving bureaucracy; it’s a temper tantrum. The idea of gutting the FBI and CIA is so reckless it makes “defund the police” look like a minor inconvenience. This isn’t reform—it’s ...
marketing and sales, software engineering, and research and development. But to achieve the labor productivity boost gen AI makes possible—to the tune of up to 0.6 percent annually through 2040—organizations will need to rapidly adopt the technology and efficiently redeploy worker time into other ...
Countries around the world collect data on consumption, investment, government spending and net exports. This makes GDP a universal measurement and a way for countries to stack up against one another. But it’s not just the sum of the equation people look at. You'll often hear about the GD...
Every economic paradigm makes its own distinction between productive and unproductive activities. The Physiocrats—18th century precursors to modern econo- mists—insisted that only agriculture was productive and both commerce and indus- try simply used up resources produced by agriculture (Mazzucato, ...
And that leads to the third concentric circle, which has sometimes been referred to as Asia for Asia. So, basically a regional sphere of influence in which China is dominant because the United States has been kicked to the margins.
The United States has used GDP as its key economic metric since 1991; it replaced GNP to measure economic activity because GDP was the most common measure used internationally.1 Nominal GDP and Real GDP GDP is analyzed asreal GDPornominal GDP. A country's real GDP is the economic output wi...
Enhanced mobile broadband. The faster speed, lower latency, and greater capacity 5G makes possible could enable on-the-go, ultra-high-definition video, virtual reality, and other advanced applications. Internet of Things (IoT). Existing cellular networks are not able to keep up with the explosive...