by sslifer | Apr 30, 2025 | GDP, NumberNomics Notes
April 30, 2025 When the economy is slowing down, firms will accumulate unwanted inventories. Those inventories still show up in GDP, but they are unsold. Hence, GDP will be biased upwards. Similarly, in good times businesses will reduce inventory levels to satisfy...
by sslifer | Apr 30, 2025 | GDP, NumberNomics Notes
April 30, 2025 It is important to remember that final sales is a measure of how many domestically produced goods are sold each quarter. But we also sell goods overseas — our exports. And we purchase goods from other countries — our imports. In the...
by sslifer | Apr 30, 2025 | GDP, Inflation, NumberNomics Notes
April 30, 2025 There are many different deflators that are available. This one is for gross domestic purchases which measures prices paid by U.S. residents. It is the one measure of inflation that the Commerce Department talks about when it releases the GDP...
by sslifer | Apr 30, 2025 | Consumer
April 30, 2025 Personal consumption expenditures rose 0.7% in March after having climbed 0.5% in February and having being unchanged in January. In the past year nominal spending has risen 5.6% What we are really interested in is “real” or...
by sslifer | Apr 30, 2025 | Inflation, NumberNomics Notes
April 30, 2025 There are many different measures of inflation, but the one that the Federal Reserve considers to be most important is the personal consumption expenditures deflator, in particular the PCE deflator excluding the volatile food and energy components. The...
Follow Me