For economists trying to measure the health of an economy, there are a number of similar sounding but slightly different concepts that can confuse those without a background in macroeconomics. Two of ...

Discover how tax cuts influence economic growth, consumer spending, and their impact on various income levels. Understand tax equity and the progressive tax system.

Many economists care more about China’s per capita GDP, or income per person, than the aggregate measure. The key takeaway is that China remains a poor country, despite its phenomenal headline ...

Political Calculations' initial estimate of median household income in February 2023 is $80,893. After last month's substantial revisions, the Bureau of Economic Analysis' latest revisions of its ...

In the last few months, there have been talks about rebasing the two important economic indicators, the Gross Domestic Product (GDP) and the Consumer Price Index (CPI). While the GDP calculates the ...