Economics
Circular flow of income
Firms and households interact and exchange resources in the big Circular Flow of Income illustrated by the diagram below. The...
2007 GDP Nominal Per Capita World Map (IMF)
2007 GDP Nominal Per Capita World Map Data source: International Monetary Fund
Who gives transfer payments?
Transfer payments are given by government of various levels to under-privileged society members like unemployed workers, the elderly who's unable to...
Current GDP, GNP of United States and other countries
As of the most up to date data from authoritative sources such as International Monetary Fund, World Bank and CIA...
What are the Causes of Economic Recession
What is an economic recession? In a perspective as broad as nation wide, or macroeconomically, a recession is a slightly...
Resource circulation in the macroeconomic loops
This flow-chart diagram illustrates how governments, households, corporations and international entities interact in 3 major markets to run the economy...
What are the Industry Life Cycles
A typical industry life cycle might be described by four stages: a start-up stage, characterized by extremely rapid growth; a...
Why currency appreciates in real terms during inflation stabilization?
A common thread in the exchange rate-based stabilization experiences we have reviewed is a real currency appreciation accompanied by a...
Macroeconomic Unemployment Explained
While many of us surely don't appreciate it from a personal perspective, unemployment is unavoidable in any economy. However, it...
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