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Straightforward data on earnings clearly shows a huge rise in inequality of pay in the US economy, write Elise Gould and Josh Bivens. Opinion: Why a new study gives a misleading view of inequality ...
Decisions based on economic theories that are not scientifically possible to test can give people a false sense of precision, and that could be misleading, leading to build up logical errors. Natural economics: Economics is concerned with both 'normal' and 'abnormal' economic conditions. In an objective scientific study one is not restricted by ...
Genuine progress indicator (GPI) is a metric that has been suggested to replace, or supplement, gross domestic product (GDP). [1] The GPI is designed to take fuller account of the well-being of a nation, only a part of which pertains to the size of the nation's economy, by incorporating environmental and social factors which are not measured by GDP.
GDP data this week had investors asking if the U.S. is in recession. Maybe the question should be whether we're happy, not whether we're growing.
Because of the base effect percentages in time series analysis can be misleading, in particular when percentages are compounded annually over a period of many years. A high base effect can mislead because of decreasing percentages even while the underlying absolute difference is increasing over time as much as the measured value or population ...
A basic guide to how the health of the economy is measured, and why that calculation matters. ... 800-290-4726 more ways to reach us. Mail. Sign in. Subscriptions; Animals. new; Business ...
This can lead to misleading characterizations of economic well-being if the income distribution is heavily skewed toward the high end, as the poorer residents will not directly benefit from the overall level of wealth and income generated in their country (their purchasing power can decline, even as the mean GDP per capita rises). GDP per ...
“I think it’s a little bit misleading, maybe, to compare what we’re going through now with HIV or SARS,” Fauci said. Others interviewed on TV for their expertise have characterized the ...