Calculating GDP

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Abbreviated Question: 
Calculating GDP
Answer: 

The main problem with your calculation is that you are using as "G" the French government's budgetary expenditure, which most likely includes large transfer payments. Transfer payments are not part of GDP. Another problem is that you are adjusting for the government borrowing, which has no place in the GDP calculations.

Laura Cunningham

Feature Story

Laura Cunningham understands that a lot of folks can’t relate to what her life is like as a cattle farmer in northern Iowa.

Cunningham, the new chair of the Iowa Farm Bureau Young Farmer Advisory Committee, says she tries do whatever she can to educate fellow Iowans and others about raising cattle and beef nutrition.

She invites county supervisors and bloggers to visit her cattle farm in Nora Springs. She gives virtual tours of the farm for local students, and she shares photos of the cattle and her adorable blue heeler puppy, Annie, on social media.

Does fundraising require 100% participation?

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Abbreviated Question: 
Does fundraising require 100% participation?
Answer: 

This question is in two parts: 1) How prevalent is the requirement for 100% giving of any amount; and 2) Do organizations raise more money if there is a 100% giving expectation?

Let me begin by stating that I’m not aware of any research which directly addresses these questions. However, there is evidence which is highly suggestive.

Do only wage earners count?

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Abbreviated Question: 
Do only wage earners count?
Answer: 

The answer is no. It is not correct to conclude that Bukina Faso’s economy is supported by only 15% of the population. It is a common challenge in developing countries to appropriately account for employment and the economic contributions of a large informal sector of the economy. For example, many subsistence farmers are productive contributors to the economy but are not registered as formal employees and therefore are not properly reflected in many government statistics.

How can there be inflation at different rates within the same currency zone?

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Abbreviated Question: 
How can there be inflation at different rates within the same currency zone?
Answer: 

Effectively, you are asking: how can there be different prices across countries within the same currency zone? This may sound surprising because within the Euro common currency, for example, we label regions as countries and there is a price index computed for each country. While, for example, the US -- which is itself a well-established currency union -- there is typically one such computed price.

How should we define "rarity"?

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Abbreviated Question: 
How should we define "rarity"?
Answer: 

In the strictest (or standard) sense of the word, you would be correct that game A is “rarer,” given that there are fewer of these in existence than game B. However, the other person is not totally wrong because, in the words of economists, the “quantity supplied” of game B is less than that of game A.

Cody Meister

Feature Story

Current employer/job title: Cargill, Burns Harbor, Indiana, Production Supervisor Trainee

My job at Cargill is to help lead and coach plant operations and ensure day-to-day operations are run efficiently and, most importantly, safely. 

Working in a diverse environment, we are almost always doing something, whether that's loading a ship or barge, unloading a train, or dumping trucks. I love how no two days are the same. I also love interacting with farmers and leading a fun and easy team. 

Armin Mesinovic

Feature Story

Current employer/job title: DGS Foods, Price Chopper Center Store Manager, Des Moines Iowa

I manage the sales floor of our grocery store by leading a team in merchandising product to give our customers food they want at affordable prices. Along with that, I serve as the grocery buyer for our store. This requires me to buy smart, plan ahead, and manage our warehouse to ensure that our inventory turns over and creates profit. I also work alongside our store director in managing store operations like hiring, customer relations, and labor issues. 

Lynn Koenigsfeld

Feature Story

Current employer/job title: Cargill, Grain Origination Specialist

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