DGP is a standard meaure of a countrys overall economic output. Its the market value of all final goods and services made within the borders of a country within a year.
Inflation is the rise in the general level of prices of goos and services in an economy over a period of time.
When a developing economy starts growing fast, often richer countries accuse it of cheating by keeping its wages and exchange rate artificially low.
When it comes to imports the UN buys far more products from overseas than china. But in terms of exports the two countries are closely bunched together.
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A half-century ago thoughful americans considered the Gilded Age ancient history. By the 1950's, robber baron fortunes no longer dominated or dazzled. America's political and economic landscape. But thats all changed. The awesomely affluent havent just retuned. Today they cast an even greater shadow.High taxes on the rich, in the mid-20th century helped keep income from concentrating at America's ...
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