The balance of payments (BOP) records all economic transactions between a nation and the rest of the world. It includes…
The trade balance measures the difference between a nation's exports and imports. A surplus indicates more exports than imports, while…
A recession is a significant, widespread, and prolonged downturn in economic activity. It's characterized by falling GDP, rising unemployment, and…
The real interest rate reflects the actual purchasing power of returns on an investment or loan. It accounts for inflation,…
Percentage change measures the relative difference between two values. It's crucial for analyzing trends, growth, and decline in various fields…
The national debt represents the total amount of money a country's government owes to its creditors. It accumulates through government…
The money supply refers to the total amount of monetary assets available in an economy at a specific time. It…
Inflation measures track the general increase in prices and the fall in the purchasing value of money. Key metrics include…
Gross National Product (GNP) measures the total monetary value of all finished goods and services produced by a nation's citizens…
Economic growth refers to the increase in the production of goods and services in an economy over time. It's a…