Higher Rock Education - Economics Blog

State of The Economy - September 2016

Wednesday, November 09, 2016

Within the past few weeks there have been some very encouraging reports pertaining to the economy's health. Real gross domestic product (RGDP) is the most common measure of economic activity. GDP is the market value of all the goods and services manufactured in the country. RGDP is adjusted for inflation. The Bureau of Economic Analysis (BEA) reported on October 28th that its estimated annual growth rate for third quarter growth in the US economy equals 2.9%. This is up from a rate of 1.4% in the second More

The Great US Recession - Opportunity Amidst Crisis

Monday, November 07, 2016

One of our contributors lives in New York City and tells her story of how the recent recession impacted her life, but ultimately provided an opportunity. More

Our Infrastructure Challenge - Part 2

Thursday, November 03, 2016

Newsflash – An explosion on the Colonial Pipeline killed one and injured several others on Monday. This is the second disruption of the Colonial Pipeline in two months. Again, gasoline prices will jump and shortages may occur. Gas lines had begun to form on my way to work this morning. More

Defining Our Infrastructure Challenge

Monday, October 31, 2016

Excise taxes finance much of the US infrastructure. For example, governments use the gasoline tax to help fund their highways. A country's infrastructure provides the means for people to travel, communicate, and live comfortably. It includes roads, bridges, electrical grids, ports, schools, phones, the internet, gas, water and sewer pipelines, railroads, and airports. The American Society of Civil Engineers has issued very low grades for the US infrastructure. More

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