US Non-Wage Income
Business Income The national accounting of personal income includes a category for Business Income, and we’ve seen that it’s a […]
US Current Income Snapshot
US Current Income Snapshot
US Wage and Salary Income
Except at the very top, most income still comes from labor. Looking just at labor, who makes the most today?
US Current Income Snapshot
US Current Income Snapshot
Gross Domestic Product measures the value of all output produced by a country for final sale. Because all such output
US Current Income Snapshot
World & US Income and Wealth Distribution Intro
As we have seen, modern productivity in agriculture and manufacturing is sufficient to supply everyone with a decent material standard
Trade Snapshot
Developing Economies – Benefits and Costs of Trade
The above discussion focused on trade in advanced economies, what about developing ones? The general benefits of trade apply to
Trade Snapshot
Advanced Economies – Benefits and Costs of Trade
Benefits of Trade Trade has enormous potential economic benefits as we showed in the primer, regardless of whether it is
Trade Snapshot
The US Trade Deficit
In our look at employment by sector we saw that manufacturing employment has declined in developed countries even when, like
Trade Snapshot
World Volume and Patterns of Trade
The chart below shows imports, exports, and the trade balance of the US as a percentage of GDP. Figure 27:
Productivity & Convergence in Developing Countries
Productivity Growth Worldwide Distribution
Productivity Growth Worldwide Distribution The map below shows the current GDP per capita of countries around the world. GDP per
Productivity & Convergence in Developing Countries
How Developing Countries Grow Productivity
Up to now, we’ve looked at productivity in countries that are described as “advanced economies” meaning that by and large