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Gross Domestic Product (GDP) measures the production of all industries within a country, to get a picture of how the national economy is doing. GDP is one of the most important number to economists, and it is calculated every quarter.
Growth for the current quarter compared to the previous quarter is a good sign. Two consecutive quarters of decline in GDP are an indication of a recession, but it is not the only metric used to make that call.
There are three ways of computing GDP: income, expenditures, and production. Theoretically using any of the three approaches should yield the same number. Once GDP numbers are released, it is common for them to be revised based on updated information.
GDP tracks how much production occurs within a company’s borders, while Gross National Product (GNP) tracks the amount of production for which citizens of a particular country have ownership interest, without regard for where the production takes place.
A stop order names a price which serves as a trigger point, and when the price is crossed, a market order is entered
Money Purchase plans and Profit Sharing plans are two types of Defined Contribution plans that can be used at a business
A Traditional IRA holds money tax-deferred until retirement. An IRA is an account with tax-deferred growth of assets
The “Efficient Frontier” is a modern portfolio theory tool, which demonstrates the best possible returns relative to risk
Account managers are the point of contact and liaison between a business and its clients
Turnover ratio is a term that can be used in reference to the rate at which a company goes through its physical inventory
Income from operations will be the net income which is solely focused on revenue from operations minus the cost
A living will is a document that records the wishes of a person for their medical treatment and end-of-life wishes
It is possible to participate in bitcoin mining indirectly, by partially funding a remote mining operation
The Descending Triangle pattern has a horizontal bottom which represents the support level, and a down-sloping top line