GDP problems include that it’s not calculated the same way in different countries, its data can be tough to gather, and its components omit important items.
Weekly Roundup: From Turkey to Buffalo
This week’s everyday economics include competition, oligopoly, marginal cost and benefit, GDP growth, unemployment, supply and demand, OPEC, redistribution.
What An Unemployment Rate Does Not Tell You
A single statistic like the unemployment rate for Japan, the European Union and the U.S. can be misleading until we look more closely at what it represents.
Our Weekly Roundup: From Misery to Chocolate
This week’s everyday economics stories involved quantitative easing, monetary and fiscal policy, supply and demand, ROI, GDP, unemployment and inflation.
How Chinese Economic Growth Relates to Restaurants and Pilots
China might not fuel world economic growth if instead of a 7 percent real GDP growth rate forecast, we use a regression to the mean of 3.9 percent.
The Economic Impact of the Ebola Epidemic
The ebola epidemic will affect Liberia’s GDP growth rate through the illness itself and the ripple of fear that hits households, businesses and government.
A Closer Look at the EU 28 Economic Growth Rate
Looking at a European average economic growth rate, unemployment rate and GDP to debt ratio is misleading because of countries’ disparate economies.