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Who gives transfer payments?

Filed under Macroeconomics

Transfer payments are given by government of various levels to under-privileged society members like unemployed workers, the elderly who’s unable to maintain a decent life by inability to work and such.

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Current GDP, GNP of United States and other countries

Filed under World Economy, Macroeconomics

As of the most up to date data from authoritative sources such as International Monetary Fund, World Bank and CIA World Fact Book, below is the worldwide nations ranked by GDP. United States is ranked second immediately after EU with a GDP of more than 13,000 billions in 2007. Read the rest of this entry »

Causes of Economic Recession

Filed under Economics, Macroeconomics

United States GDP fluctuation from 1920 to 1940, the Great Depression period. A recession is slighter in effect. Read the rest of this entry »

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