Learn how GDP, productivity, jobs, capital and policy shape the economic growth rate in advanced English-speaking economies.

Economic Growth Rate and GDP

The economic growth rate shows how quickly a country’s production of goods and services increases or decreases over time. In advanced English-speaking economies such as the United States, the United…
Learn business cycle and output gap, potential GDP, inflation, jobs, recessions, and policy in advanced English-speaking economies.

Business Cycle and Output Gap

Business cycle and output gap are two of the most useful ideas in macroeconomics because they explain why advanced English-speaking economies grow, slow down, enter recessions, recover, and sometimes run…