All that you need to know about Economics
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Consumer Price Index and its Influence on the long-term interest rate
Valeria Popa In previous articles you have learned about macroeconomic indicator like GDP which is highly important for understanding business cycles and economic performances and GNI which can offer a perspective on the living standards of a country’s residents. We...
GDP Growth Rate and Calculation
What is GDP growth rate and how to calculate it Since the media often talk about the growth rate of an economy, it is important to clarify and to correctly define what the growth rate of GDP is. This indicator has a lot more meanings and it can be used to measure...
Nominal GDP, Real GDP and GDP Deflator
Nominal GDP As defined through the production approach, GDP represents the total value of goods and services produced within the borders of a country, during one year period. If this value is expressed in current prices, we have nominal GDP. However, using nominal GDP...