The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits)
Greg Ipamazon.com
The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits)
fertility drops much below 2.1 babies per woman, the population will shrink unless offset by immigration.
In 2026, China’s population should start to decline. It may be the first country to grow old before it grows rich.
A farmer’s second tractor will help his
productivity far less than his first. This is the law of diminishing returns.
The unemployment rate is the single best signpost of the economy’s health. When the economy reaches full strength, the unemployment reaches its so-called natural rate.
Harry Truman said “a recession [is] when your neighbor loses his job; it’s a depression when you lose yours.”
The share of the working-age population either working or looking for work is called the labor force participation rate.
How do you know a recession has occurred? Easy: a press release goes out.