by sslifer | Feb 23, 2023 | GDP, NumberNomics Notes
February 23, 2023 . The revised estimate of fourth quarter GDP growth was 2.7% compared to a preliminary estimate of 2.9% which compares to a 3.2% growth rate in the third quarter. Final sales, which is GDP excluding the change in business inventories, rose 1.2% in...
by sslifer | Jan 26, 2023 | GDP, NumberNomics Notes
January 26, 2023 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 | Jan 26, 2023 | GDP, NumberNomics Notes
January 26, 2023 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 | Jan 26, 2023 | GDP, Inflation, NumberNomics Notes
January 26, 2023 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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