Discover why real GDP offers a more accurate picture of economic growth by adjusting for inflation and when nominal GDP might be more useful for short-term analysis.
At its core, GDP is a simple accounting identity. The Bureau of Economic Analysis defines it as the sum of consumption (C), investment (I), government spending (G), and net exports (NX). The formula ...
Government Expenditure & Investment has grown 4.08% annually since July 2022 while the underlying economy has grown at a 2.78% pace. This has given the Real GDP an inflated pace of 2.98%. Note that ...
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