by sslifer | Aug 30, 2023 | GDP, NumberNomics Notes
August 30, 2023 . The revised estimate of second quarter GDP growth was 2.1% compared to the advance estimate of 2.4% and a 2.0% growth rate in the first quarter. The economy may be slowing but, thus far, the slowdown is far less than many had expected. Final sales,...
by sslifer | Aug 30, 2023 | GDP, NumberNomics Notes
August 30, 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 | Aug 30, 2023 | GDP, NumberNomics Notes
August 30, 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 | Aug 30, 2023 | GDP, Inflation, NumberNomics Notes
August 30, 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...
Follow Me