From a macroeconomic perspective, households, government and firms (corporations) are the 3 fundamental players of money and resources. This flowchart diagram below illustrates how they interact and exchange resources.
Firms and households interact and exchange resources in the big Circular Flow of Income illustrated by the diagram below.
2007 GDP Nominal Per Capita World Map
Data source: International Monetary Fund
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.
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 »
In a perspective as broad as nation wide, or macroeconomically, a recession is a slightly obvious decline in Gross Domestic Product (GDP, just think of it as the total wealth or wellness all people within a nation produce within a given year) compared to previous quaters, or in a business cycle. A decline is only regarded as a recession if it has lasted more than 2 quarters. Also, the decline should not be too apparent as to be an economic depression (approx. 10% drop of GDP) or even more devastating as to be a economic collapse.
This flow-chart diagram illustrates how governments, households, corporations and international entities interact in 3 major markets to run the economy as a whole: workforce market, financial market and commodity market.
Examine the table below. The first two columns in the listing provide the highest and lowest prices at which the stock has traded in the last 52 weeks. The next two columns give the name of the stock and its symbol. The next figure is the dividend payout. The 4.84 means that the firm paid shareholders an annualized cash dividend in the last quarter of $4.84 per share (i.e., the actual quarterly dividend was $1.21). Read the rest of this entry »
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