In a circular flow model, households are the source of consumption expenditures and land, labor and capital for businesses. Econlife looks at all of the activities of households that include spending, taxes, education, health care and income.

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    Old and Young States

    May 31, 11 • 463 Views • No Comments

    Maine is an old state. At 42.7, the median age of Maine’s population is the highest in the U.S. The youngest state is Utah (large families and many children), with a median age of 29.2. Other “young states” include Texas and Alaska. And,......  [read more]

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    Road Building Results

    May 29, 11 • 412 Views • No Comments

    If extra road mileage is built, would you predict more or less traffic? The WSJ tells us that more roads led to additional driving from local residents, commercial traffic and people moving to the area. Public transportation did not influence driving......  [read more]

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    Job Matters

    May 28, 11 • 408 Views • No Comments

    Where do we work and how much do we earn? In the entire U.S., there are 2830 mathematicians, 3220 historians, and 225,450 fitness trainers and aerobic instructors. Employing 7.6 million, the largest occupational group is salespeople and cashiers. Here, you......  [read more]

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    Apple vs. Amazon in the Fight Over Gaga

    May 27, 11 • 458 Views • No Comments

    From a guest blogger, Frances Bird, AP econ student: Lady Gaga, America’s current pop queen sensation, is being used to boost Amazon sales, if not permanently, then temporarily. Amazon is using Lady Gaga’s recent album, Born This Way, to compete......  [read more]

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    Too Big To Fail

    May 25, 11 • 418 Views • No Comments

    The HBO documentary, “Too Big To Fail” was excellent. But what to come away with? TBTF (Too Big To Fail) solves problems and it creates them. TBTF can reverse a confidence crisis. When the world is worried that the failure of a large bank will......  [read more]