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Economy of the Triumvirate

GDP

∇1,185 (2015-II)

GDP per Capita

∇32.33 (2015-II)

Tri in Circulation

∇6,500

Velocity of Money

0.18 (2015-II)

Est. Value of the Tri

$0.05

The economy of the Triumvirate is based on the currency of the Tri. The details of the working of the economy are very open and a free market is embraced so that free trade can expand and the economic power of the Triumvirate can grow. The economy is measured via tools, looking at shares in various companies, and by the amount of spending going on.

The government maintains data on the economic statistics for each trimester (GDP, money supply, velocity, membership, etc.) at Economic Indicators

Economic PolicyEdit

There are two main aspects of economic policy, fiscal policy and monetary policy.

Fiscal PolicyEdit

Fiscal policy involves taxes and government spending. It is the use of government revenue and expenditure to effect the economy. This may consist of things like raising or lowering taxes, government spending money on projects, or allocating government funds towards businesses. Fiscal policy usually involves the large scale economy and how the government can use its abilities to influence it. Fiscal policy is performed via government actions such as passing Legislation or passing spending regimes.

Monetary PolicyEdit

Monetary policy revolves more around about the currency, the Tri, itself. Monetary policy, managed primarily by the Department of the Treasury via the use of bonds. Influencing the amount of money in circulation, inflation, and interest rates are all key in monetary policy.

Economic StatusEdit

As an economy moves and developed over time, it can go through many periods of decline, expansion, or stillness. As with real world economies, the economy of the Triumvirate is monitored, calculated, and studied to better understand the principles behind how to make it a stronger system. Also like real world economies, the economy of the Triumvirate can and will go through significant changes in growth often. The economy is always in one of seven stages (as displayed in the image on the right), each defined by varying criteria and with different risk levels.

ExpansionEdit

This is the usual place of the economy, it is a period of moderate growth which is what should usually happen (compared to decline or even significant growth).

ContractionEdit

This is also fairly common in an economy, a contraction is where growth is not happening and instead a small decrease has been occurring.

StagnationEdit

An economic stagnation period is very rare, as it indicates a time where the market is barely doing anything. It is extremely rare that stagnation occurs.

BoomEdit

An economic boom is a period where maximum efficiency is utilized and the economy soars.

RecessionEdit

Recessions occur every so often (often after a large economic boom) as a result of over-expansion or shocking events (such as wars, crises, or terrible economic outlooks or policy). A recession is generally defined as a larger than 10% decrease in GDP in a trimester.

Hyper-ExpansionEdit

Hyper-Expansions are extremely unusual anomalies, often a result of a massive financial shift which blasts the economy forward, often dangerously (which can lead to recessions or even a depression).

DepressionEdit

An economic depression is a dismal event, occurring extremely rarely due to financial insecurity Triumvirate-wide. Depressions can have catastrophic effects on the Triumvirate from all sorts of aspects as they indicate a major economic failure. A depression is generally defined as two successive trimesters of 20% or greater decreases in GDP.

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