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Questions tagged [usa]

Economic questions related to the United States of America, a large country located in North America.

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China approval for US company acquisition

Why does China has to give approval to two US companies merging together? There have been quite a few examples in the last time, as UTC & Rockwell Collins as well as Qualcomm acquiring NXP ...
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1answer
41 views

World economy and world trade

What is the difference between the world economy and world trade? I have read in one book saying "US share in the world economy is 28% and in the world trade is 15%" (2008 edition though). Please ...
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What is the total contribution to the US GDP through penal labour?

According to the International Labor Organization, in 2000-2011 wages in American prisons ranged between $\$0.23$ and $\$1.15$ an hour. In California, prisoners earn between $\$0.30$ and $\$0.95$ an ...
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Will there be any significant impact if oil was priced/traded in another currency other than USD?

There is an abundance of conspiracy theories online that the USD is propped up in part by the fact that oil is traded in USD, and that countries which think about allowing trades in a different ...
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Read CPS ASEC public use file in Python

I'm looking to read the CPS March supplement data files from https://thedataweb.rm.census.gov/ftp/cps_ftp.html into Python as Pandas DataFrames, but each record is ...
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1answer
45 views

Is it true that the U.S has to run a chronic trade deficit with the rest of the world as a price to pay for being the world's reserve currency?

I have heard of the argument that in order for USD to be reserve currecy, the rest of the world must own enough USD to store it as reserves. In order for the rest of the world to own enough USD, U.S ...
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US holdings of foreign securities is measured in Gross value or Outstanding?

In the annual reports of US Treasury on US holdings of foreign securities, the amount of holding is usually named as "total holdings...as of {date/year}". Is it the amount of only the year of report, ...
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1answer
71 views

Do Chinese tariffs on American goods make them more expensive to American consumers?

This CNN article seems to imply that Chinese tariffs on American goods will make them more expensive to American consumers. Is this true? I did think that tariffs by your own country on imported ...
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1answer
35 views

Are US-branded products manufactured in China considered Chinese?

Many US-branded products like Apple's are manufactured in China. Are these products considered Chinese when they are imported back to US? And are they thus subject to tariffs?
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With adoption of CNH, will China stop buying US Treasury securities?

From what I've been reading, China's been using much of the USD it gets from selling exports, to buy US bonds. With China recently loosening its grip on the renminbi in order to make it an ...
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27 views

Petro dollar system

Can anyone explain the Petrodollar System in layman's terms? Is it a pact between USA and Saudi Arabia? What is the benefit in it for the USA? What is the benefit in it for Saudi Arabia?
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Why professional salaries are not increasing in North America?

When my family first moved to Ontario, Canada in 2002, the minimum wage was 7.00 CAD per hour. Now its has doubled (14.00/per hours) during last 16 years. The average entry level software developer ...
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1answer
58 views

Choosing Data for CES Production Function

So I am currently trying to write a paper estimating the Constant Elasticity of Substitution Production Function of the USA. I am using the simple version with two inputs capital and labour. Since the ...
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What are the growth rates projected in the pending US Tax bill? (2017)

I haven't had time to get very granular on the pending US tax reform bill, but during the debates and drafting process, I was hearing some pretty big numbers being thrown around in terms of growth. (...
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2answers
156 views

Why there are no famous software/IT companies in Europe? (unlike USA)

Both USA and Europe have highly developed economies with famous car, aircraft, food, oil etc. companies. However, when it comes to IT - USA has Google, Facebook, Amazon, Dell, Cisco, Microsoft, Red ...
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1answer
88 views

Why are Canadian provinces' debt-to-GDP so much higher than the US?

By the current account, the highest debt-to-GDP state in the US is NY, which is around 23%, with most states around 18%. By comparison, Canadian provinces tend to have much higher ratio, with Ontario ...
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2answers
553 views

USA seigniorage revenue

I came to know about the term seigniorage meaning the difference between the value of money and the cost to produce it. I also read somewhere that many countries use seigniorage as a means of revenue ...
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2answers
229 views

Are American poverty rates increasing? What about global poverty rates

http://www.npc.umich.edu/poverty/ https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-poverty-people.html I have heard numerous times that the future has gotten better. ...
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Is the American economy on the same path when it had a massive crash in 2007? Is there another bubble coming

I guess I should not be asking for technical answers, because I've learned economists are not to predict things like this. Yet from current data, and this article that reviewed said data: http://www....
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1answer
147 views

Effects of ACA individual mandate vs AHCA surcharge

The US Congress is currently considering a new healthcare bill, the AHCA, which would replace the existing healthcare bill, the ACA. One of the major changes is the way each bill encourages people to ...
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2answers
56 views

Recent estimates of CPI bias?

The Dec 1996 Boskin report (May 1997 AER summary) concluded that the change in the Consumer Price Index (CPI) overstates the change in the cost of living by about 1.1 percentage points per year (...
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Why is United States Gross Capital Formation per capita so far ahead of the big 3 European economies?

So, I was pondering the weakness of the UK economy (I am British) and its lagging productivity performance. I was thinking that capital deployed per worker would be an explanatory variable. ...
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Understanding the complex relationship between macro and micro economic factor: Job shift

As the world knows plenty of manufacturing jobs shifted from various countries to China. This macroeconomic trend of consolidating manufacturing jobs in China has been going on for past 30 years. ...
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3answers
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Why can't we forgive USA's debt? [closed]

According to this article USA owns $19 trillion-plus dollars. So it seems USA owns $12 trillion to its own people. Why can't we just forgive it and remove this debt? People will not get this money ...
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2answers
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Recommended reading to understand American economic history

In India Unbound, the author goes over India's economic history, right from independence to present day. I am interested in a similar reading for the United States, specifically conditions in the 20th ...
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1answer
105 views

How will the economic effects of Brexit impact a middle-class American family?

On the news it was stated that the UK leaving the EU has already caused trillions of dollars of loss to the world economy. While the newscaster made it sound very serious, I don't have any ...
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2answers
502 views

Why is LIFO allowed in accounting?

I was reading about inventory valuation and of course there is first-in - first-out, last-in - first-out and weighted average. I realized at some point that LIFO would cause the highest Cost Of Goods ...
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2answers
4k views

Is the Occupy Wall Street famous 1% stable?

Occupy Wall Street has a famous slogan "we are the 99%", refering to the "fact" that 1% of the people in the US take nearly the quarter of the national income. However, this does not seem to consider ...
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1answer
866 views

Does a strong US Dollar hurt American Manufacturing?

I am reading this article about the strengthening of the US Dollar when I came across this paragraph: "But there are reasons to be cautious. A strong dollar will squeeze American manufacturers, ...
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1answer
72 views

Why doesn't the ECB implement the same fiscal and monetary policy that the FED used to save the US economy?

If the Fed managed to save the US economy with their liberal expansionary policy, why doesn't the ECB follow suit if it is much more efficient in reducing unemployment etc? Also, why did ...
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2answers
102 views

What is preventing the United States from printing USD to buy up prized assets from foreign countries given that USD is the world's reserve currency?

USD is accepted all over the world. U.S can easily print USD to buy up the most valuable assets from all over the world. Ethics aside. What is preventing the U.S from doing so? What did I miss out?
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1answer
663 views

Series 2013 US dollar bills [closed]

it's 2015 now but still, I can't find any USD bills of 2013 series. All my bills are 2009 series (not even 2009A series). I'm looking for 100 dollar denomination. what's the latest series for USD ...
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652 views

Why did the Federal Reserve change the data about USA GDP?

This is the data published on 20 March 2013 FOMC meeting: (http://www.federalreserve.gov/monetarypolicy/fomcprojtabl20130320.htm) 20 March 2013, Change in real GDP (actual): ...
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1answer
47 views

Data: Trade imbalance at the County level in the US

I am looking for some source of data on trade imbalance at a county level in the US, preferably for years 1990-2007. Does anyone know if such data can be publicly available? Or any paper that have ...
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1answer
87 views

Why consider non-farm payrolls?

Why does the US consider non-farm payrolls when looking at employment levels? What are the reasons for not including farms? Are the workers too transitive, does it not contribute in a certain way to ...
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1answer
421 views

How much influence does the president really have on US economy?

We hear a lot about how the economy changed under a certain president, but how much does the incumbent actually affect the economy? Are the fluctuations we see in economic growth due to natural market ...
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1answer
443 views

How does US (its economy, banks, industry) profit from dollar being the “standard currency”?

How does US (its economy, banks, industry, "finance industry") profit from dollar being the "standard currency"? I am not seeking "ideological" explanations, but explanations of the mechanisms ...
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1answer
43 views

What is the mix of maturities of outstanding US Treasury bonds called?

What is the technical term for the mix of maturities of outstanding US Treasury bonds? Also, is there an "official" source for this information? I tried searching to find out, but not knowing what ...
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2answers
428 views

Why do wars increase the public debts?

This should be a very simple question for most of you, but I can't seem to get an answer so I decided to ask the question here. So please be as simple as possible and excuse my ignorance. This is a ...
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1answer
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Was factory beef farming (in the USA) the result of government-subsidized corn?

In The Omnivore's Dilemma, Michael Pollan writes that industrial beef farming, in the form of concentrated animal feeding operations (CAFOs), is dependent on low corn prices for its cost-effectiveness....
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1answer
50 views

What's the point of adding security features to new bill designs?

What's the point of creating new bills with more security measures to prevent counterfeiting? (For example in the USA the new $100 bills have more security features). If the old bills are still ...
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224 views

Usage of natural gas in 1970 (where was the demand elasticity?)

The following historical graph of US Marketable Natural Gas volume has me puzzled: How was the gas used in 1970 (a peak production period), given that we would seem to be using a lot more gas now? ...