by sslifer | May 25, 2023 | GDP, NumberNomics Notes
May 25, 2023 . The peliminary estimate of first quarter GDP growth was 1.3% compared to the initial estimate of 1.1%. The 1.3% first quarter GDP growth rate follows growth of 2.6% in the fourth quarer and 3.2% growth in the third quarter. The unanticipated weakness...
by sslifer | May 25, 2023 | GDP, NumberNomics Notes
May 25, 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 satisfy...
by sslifer | May 25, 2023 | GDP, NumberNomics Notes
May 25, 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 | May 25, 2023 | GDP, Inflation, NumberNomics Notes
May 25, 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 report. ...
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