Finance & Accounting

Gross Domestic Product

GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the world’s most powerful statistical indicator of national development and progress. However, critics of the growth imperative often argue that GDP measures were never intended to measure progress, and leave out key other externalities, such as resource …

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Exchange rate determination

The exchange rate between two currencies is commonly determined by the economic activity of the respective countries, market interest rates, gross domestic product, and unemployment rate in each of the countries. Commonly called market exchange rates, they are set in the global financial marketplace, where banks and other financial institutions trade currencies around the clock …

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