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Local financial market. development economics



• Real dollars Economists use "real" dollars to make fair comparisons between time periods. Adjustments are made to the data to exclude the impact of price changes. For example, if your cash (or nominal) income increased by 5 percent, while prices also increased by 5 percent, your real income (purchasing power) will not change. Real dollars only include volume changes, whereas nominal dollars include both volume and price changes.
• A recession is a period during which total economic output declines, often measured by changes in real gross domestic product. This is also called shortening the business cycle. In its simplest form, a recession is defined as a decline in real gross domestic product for two consecutive quarters. However, in addition to GDP, some analysts use a number of other macroeconomic indicators to determine the beginning and end of a recession, including employment growth, real incomes, industrial production, and others.
• Retail sales Pre-tax sales by enterprises of goods and related services to the public for their use. Sales from mail order catalogs are included, but direct sales are not. This definition should be distinguished from wholesale sales .

• Seasonal adjustment Fluctuations in economic time series are caused by seasonal, cyclical and irregular movements. A seasonally adjusted series is a series from which seasonal fluctuations are excluded. Seasonal fluctuations are defined as those caused by regular annual events such as climate, holidays, holiday periods, and cycles related to harvest, production, and retail sales related to Christmas and Easter. However, it should be noted that seasonally adjusted series contain irregular as well as long-term cyclical fluctuations.
• The service sector In accordance with the North American Industry Classification System includes trade; transportation and warehousing; finance, insurance, real estate and leasing; professional, scientific and technical services; management, administrative and other support; educational services; health and social assistance; information, culture and recreation; accommodation and catering services; other services (e.g. laundry, repairs, community organizations); and public administration. It is also called the sphere of production of services.
• Short-term economic forecast Forecasts of macroeconomic indicators for the next 1-2 years.
• Social statistics Data that describe the quality of life, environmental conditions, characteristics and customs of the population or society (for example, literacy rate, poverty level, education level).

• Unemployment Civilians who are not in the institution, who do not have a job and are ready to work. As a rule, a person must also actively seek work in order to be considered unemployed. The main exceptions to the job search criteria are people who are temporarily dismissed with the expectation of a recall, and people waiting to start a new job: these two groups will not actively look for work, but will be considered unemployed.
• The unemployment rate is the share of the unemployed labor force.

Wholesale sales Sale of enterprises to retailers. As a rule, the distinguishing feature is that the goods are not sold to the end user. The exception is sales to end users of certain goods (usually capital and investment goods), such as office furniture and computers, lumber and construction materials, fuel oil and commercial vehicles, which are registered as wholesale sales. Discover CR Games at All Slots Online Casino : Discover a wide range of exciting games from CR Games, known for their innovation and thrilling gameplay, at All Slots Online Casino.

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