basket of goods
41ANCAP (commodity standard) — ANCAP is an abbreviation for an alternative currency system that uses Ammonium Nitrate, Copper, Aluminum and Plywood as the units of exchange. The system was first proposed in 1982 by the economist Robert Hall. ANCAP is an example of a commodity… …
42Convexity in economics — Economics …
43Economic growth — GDP real growth rates, 1990–1998 and 1990–2006, in selected countries …
44Tulip mania — A tulip, known as the Viceroy , displayed in a 1637 Dutch catalog. Its bulb cost between 3000 and 4200 florins depending on size. A skilled craftsman at the time earned about 300 florins a year.[1] Tulip mania or tulipomania (Dutch names include …
45Big Mac Index — A McDonalds Big Mac. The Big Mac Index is published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing …
46Consumer Price Index - CPI — A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and …
47Supply-side economics — is an arguably heterodox school of macroeconomic thought that argues that economic growth can be most effectively created using incentives for people to produce (supply) goods and services, such as adjusting income tax and capital gains tax rates …
48Penn effect — The Penn effect is the economic finding that real income ratios between high and low income countries are systematically exaggerated by GDP conversion at market exchange rates. It has been a consistent econometric result for at least fifty years …
49Home front during World War II — U.S. Government Publicity photo of American machine tool worker in Texas. The home front covers the activities of the civilians in a nation at war. World War II was a total war; homeland production became even more invaluable to both the Allied… …
50Notes, Definitions, And Abbreviations — There have been some significant changes in this edition. The Trust Territory of the Pacific Islands became the independent nation of Palau. The gross domestic product (GDP) of all countries is now presented on a purchasing power parity (PPP)… …
