by sslifer | Feb 27, 2025 | GDP, NumberNomics Notes
February 27, 2025 . The preliminary estimate of fourth quarter GDP was 2.3% which is identical to the advance estimate. This compares to GDP growth of 3.1% in the third quarter. Growth in the past year has been 2.5% Final sales, which is GDP excluding the change in...
by sslifer | Feb 27, 2025 | GDP, NumberNomics Notes
February 27, 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...
by sslifer | Feb 27, 2025 | GDP, NumberNomics Notes
February 27, 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 | Feb 27, 2025 | GDP, Inflation, NumberNomics Notes
February 27, 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...
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