1--- 2meta: 3 date: false 4 reading_time: false 5title: "Base-Weighted Index" 6date: 2023-10-05 7description: "A weighted average of prices or quantities, informed by the quantities or prices of the base period, fundamental in understanding price level changes over time." 8tags: ["Base-Weighted Index", "Price Indices", "Economics", "Inflation Measurement"] 9--- 10 11## Background 12 13A base-weighted index mainly involves assessing changes in economic indicators like prices or quantities by comparing them against a set reference period, known as the base period.
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meta: date: false reading_time: false title: “Binary Choice Models - Definition and Meaning” date: 2023-10-05 description: “An overview and understanding of Binary Choice Models in economics, often referred to as discrete choice models.” tags: [“binary choice models”, “discrete choice models”, “economics”] Background Binary Choice Models in economics refer to analytical methodologies used to predict outcomes that have two possible values. These models help researchers and analysts to understand and predict decisions where individuals or entities face a choice between two alternatives.
You’re on your way to creating a comprehensive dictionary entry for the term “black economy.” Here’s a proposed markdown output for your entry:
meta: date: false reading_time: false title: “Black Economy” date: 2023-10-05 description: “A comprehensive overview of the term ‘black economy’ in economics.” tags: [“black economy”, “hidden economy”, “underground economy”] Background The term “black economy” refers to economic activities that occur outside government-sanctioned channels. These activities are typically unregulated, untaxed, and undocumented, making them difficult to monitor and manage through conventional economic means.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Borda Count" 6date: 2023-10-05 7description: "A voting system where voters rank alternatives, assigning points based on ranks, which are then summed to determine the winner." 8tags: ["voting systems", "collective choice", "majority voting", "Borda count", "economics"] 9--- 10 11## Background 12The Borda count is a method of preferential voting which enables voters to rank options in order of preference. This system captures more information about voter preferences than a single-choice ballot, making it valuable in scenarios where multiple alternatives exist.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Bureau of Economic Analysis" 6date: 2023-10-05 7description: "Explanation of the Bureau of Economic Analysis, its role, and significant contributions to US economic data." 8tags: ["Economic Data", "National Income Accounts", "US Department of Commerce"] 9--- 10 11## Background 12 13The Bureau of Economic Analysis (BEA) is a vital component of the United States Department of Commerce, responsible for compiling and publishing critical statistics related to the US economy.
