by sslifer | Dec 19, 2024 | GDP, NumberNomics Notes
December 19, 2024 . The final estimate of third quarter GDP was 3.1% which is slightly higher than the preliminary estimate of 2.8%. This compares to GDP growth of 3.0% in the second quarter. Growth in the past year has been 2.7% Final sales, which is GDP excluding...
by sslifer | Dec 19, 2024 | GDP, NumberNomics Notes
December 19, 2024 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...
by sslifer | Dec 19, 2024 | GDP, NumberNomics Notes
December 19, 2024 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 | Dec 19, 2024 | GDP, Inflation, NumberNomics Notes
December 19, 2024 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...
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