49 Best Economy Questions and Answers (Q&A) - ProProfs Discuss

Which is a better indicator for analyzing an economy health; GDP or PPP?

Patricia Allison
Answered: Mar 13, 2018

Purchasing Power Parity, or PPP, is the idea that a country's purchasing power is directly related to the exchange rate of their currency. Gross Domestic Product, or GDP, is a broader economic...Read More

1 Answer

275 views

How is China's poverty different from US poverty?

Patricia Allison
Answered: Mar 13, 2018

The people in China who are poor experience poverty differently than the people who are poor in America experience poverty because each country has different policies and social service systems....Read More

1 Answer

260 views

How is inflation affected by foreign trade?

Patricia Allison
Answered: Mar 13, 2018

Inflation can be impacted by foreign trade if a country with significant economic power pulls out of major trade agreements or investments due to politics, natural disasters, or economic turmoil....Read More

1 Answer

258 views

Is the money supply endogenous?

Patricia Allison
Answered: Mar 13, 2018

The theory of an endogenous money supply is based on the idea that money is generated in an economy based on the needs of that economy. The banking systems then adapt the short term interest...Read More

1 Answer

255 views

How come Saudis live more lavishly than Americans if the U.S. is richer than Saudi Arabia?

Patricia Allison
Answered: Mar 13, 2018

The United States has a higher average household income compared to Saudi Arabia, but the gap between the rich and the poor in Saudia Arabia is greater than the United States. This means that...Read More

1 Answer

252 views

What is the difference between the economy of scale and diseconomy of scale?

C.Evelyn
Answered: May 06, 2018

Economy of scale is a medium where an organization achieves better result of lower costs with an increase in production and scale of operations. In simpler terms, it is said to be “the...Read More

1 Answer

250 views

What were the biggest 'Ponzi Schemes' ever?

C. Reyes
Answered: May 09, 2018

The $7.2 billion fraud that was made by Robert Allen Stanford is is considered as the second biggest ponzi scheme ever whereas Madoff’s ponzi scheme is reported to be the biggest ever where...Read More

1 Answer

237 views

Can China's economy ever surpass US economy?

Patricia Allison
Answered: Mar 13, 2018

It is possible than China could surpass the United States in terms of economic power. Some people may argue that China has already surpassed the United States in economic power. The current...Read More

1 Answer

237 views

What really caused the great depression?

Patricia Allison
Answered: Mar 13, 2018

Most people attribute the cause of the Great Depression to the stock market crash of 1929. The day the stock market collapsed is known as "Black Tuesday". After the stock market crashed, it led...Read More

1 Answer

236 views

Which countries have the highest economies so far?

C. Bernthal, Teacher
Answered: Aug 13, 2020

The United States is the world’s largest economy with a nominal GDP of $21.44 trillion. The US economy is mostly a service-oriented economy with a 77 percent contribution to GDP. The...Read More

5 Answers

231 views

Emzcansun
Answered: Apr 27, 2024

False

1 Answer

230 views

What are the best money moves for investors?

Patricia Allison
Answered: Mar 13, 2018

There are many different ways investors can invest their money. Some require a high level of risk but have a potential higher payoff. Other investments have a lower risk and a potentially lower...Read More

1 Answer

224 views

What is the difference between PGP and GPG?

Barry Mclean, Sales Manager
Answered: Jul 12, 2020

PGP stands for Pretty Good Privacy, and GPG stands for Gnu Privacy Guard. PGP was written as copyrighted freeware under the Gnu Public License, and PGP was upgraded by turning it into a property...Read More

2 Answers

117 views

What is the difference between Capitalism and the Mixed Economy?

F. Hope
Answered: Mar 17, 2020

Capitalism is a system that consistently pursues the attainment with an economic benefit by increasing its money. A mixed economy is a financial system that blends free markets with private...Read More

1 Answer

108 views

How can change in economy affect the prices of the goods?

N. Kingsley, Writer
Answered: May 05, 2020

The consumer goods sector includes a wide range of retail products purchased by consumers, which includes food, clothing, jewelry, and electronics. Specific foods consumers purchase can vary...Read More

5 Answers

99 views

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