Tag Archives: United States

GDP: Americans (over) consume, Chinese (over) invest

GDP = C+I+G+NX.  Sadly, that is the only formula I remember from my undergraduate macroeconomics class, but thankfully, it is the most important one. The Gross Domestic Product  = Consumption + Investment + Government + Net Exports (Export-Imports).  It’s worth remembering, even if you don’t work at the World Bank or teach economics. USA =… Read More »

Data Analysis: the meaning behind the US state names

Happy Birthday! The United States is celebrating its 236th birthday today. I saw an article from Mental Floss Magazine by Matt Soniak called How All 50 States Got Their Names.  It was well-timed for July 4th, but a bit long at 5,000 words. After reading through the alphabetical list A, B, C , I started getting… Read More »

How big is the Chinese economy?

These graphs from the Economist describe China’s economy, growth and influence. China certainly has issues (e.g., demographic imbalance, rich-poor disparity, censorship) but you have to admit, China has been putting up some incredible economic numbers. Chinese economy is HUGE. 1) Currently, the Chinese and US economy are approximately the 12-13% of the of global economy… Read More »