econlife on ‘Macroeconomic Measurement’

A yardstick of economic growth, macroeconomic measurement relates to many different statistics like the Gross Domestic Product, the Consumer Price index, the unemployment rate and even the Gross Domestic Happiness. Econlife looks at macroeconomic yardsticks to measure economies.

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    A Debt Tour

    Feb 20, 11 • 123 Views • Economic History, Financial Markets, Government, International Trade and Finance, Macroeconomic Measurement, Money and Monetary PolicyNo Comments

    Calling it “financial disaster travel journalism,” author Michael Lewis (The Blind Side and The Big Short) takes us to Iceland, Ireland, and Greece in 3 Vanity Fair articles that are wonderful. Comparing Iceland to Ireland, he tells us, “But...

  • Uncertainty can slow economic growth.

    Watson Wins

    Feb 18, 11 • 118 Views • Innovation, Macroeconomic MeasurementNo Comments

    Playing against Jeopardy champs Ken Jennings and Brad Rutter, Watson, the IBM computer won. Imagine three podiums. One is labeled Ken, the middle one Watson, and the third one, Brad. IBM assured everyone that Watson had no internet access and all three...

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    Shrinking Packages

    Feb 17, 11 • 132 Views • Businesses, Demand, Supply, and Markets, Households, Macroeconomic Measurement2 Comments

    Have you noticed that the 64-ounce Tropicana Orange Juice container now holds 59 ounces of juice? Or, that Scott Toilet Tissue is 104.8 sq. ft. instead of 115.2 sq. ft.? Other shrinking packages include… The 24-slice package of Kraft American Cheese has...

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    U.S. Affluence

    Feb 16, 11 • 102 Views • Developing Economies, Households, Macroeconomic MeasurementNo Comments

    How rich is the U.S.? Economist Branco Milanovic, in The Haves and the Have-Nots, gives us a really interesting answer. The poorest people in the U.S. are richer than most of the higher income individuals in other countries. Specifically, the poorest 5% of...

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    How Do You Disconnect the Internet?

    Feb 13, 11 • 114 Views • Businesses, Developing Economies, Macroeconomic Measurement, RegulationNo Comments

    As a Vodafone New Zealand customer, events in Egypt directed affected you. With a Cairo based call center that had to be closed, Vodafone said that people needing assistance waited 7 or 8 minutes for service that was directed elsewhere. According to The New...