by sslifer | Aug 29, 2024 | GDP, NumberNomics Notes
August 29, 2024 . The .preliminary estimate of second quarter GDP growth was 3.0% compared to the advance reading of 2.8% and GDP growth of 1.4% in the first quarter. An upward revision to growth in personal consumption expenditures was partially offset by small...
by sslifer | Aug 29, 2024 | GDP, NumberNomics Notes
Augusts 29, 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 | Aug 29, 2024 | GDP, NumberNomics Notes
August 29, 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 | Aug 29, 2024 | GDP, Inflation, NumberNomics Notes
August 29, 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...
Follow Me