Search results
Results from the WOW.Com Content Network
Real GDP is an example of the distinction between real and nominal values in economics.Nominal gross domestic product is defined as the market value of all final goods produced in a geographical region, usually a country; this depends on the quantities of goods and services produced, and their respective prices.
The Penn World Table (PWT) is a set of national-accounts data developed and maintained by scholars at the University of California, Davis and the Groningen Growth Development Centre of the University of Groningen to measure real GDP across countries and over time.
The Social Security program faces a 75-year average annual shortfall of 1.4% GDP, which is about $280 billion in 2018 dollars. The CBO publishes a report every few years (Social Security Policy Options) which estimates various ways to close that funding gap. Without changes to the law, benefits will be cut by about 25% in 2034, as outlays to ...
Average real GDP growth of 3.8%, compared to average growth of 3.1% from 1970 to 1992. The economy grew every quarter. [45] Real GDP per capita increased from about $36,000 in 1992 to $44,470 in 2000 (in 2009 dollars), about 23%, roughly the same as it did from 1981 to 1989 during the Reagan administration. [46]
GDP is typically used to predict economic phases, with two-quarters of successive negative GDP growth signaling a contraction. There is also a perception, that the Economic recovery phase ends, when the country's GDP reaches its prerecession level, so the economy will reach the level of GDP equal to the latest peak, and at this point starts an ...
Gross domestic product (GDP) is a monetary measure of the market value [2] of all the final goods and services produced and rendered in a specific time period by a country [3] or countries. [ 4 ] [ 5 ] [ 6 ] GDP is often used to measure the economic health of a country or region. [ 3 ]
The Atlanta Fed's GDP Now tool, which incorporates real-time data throughout the quarter to project economic growth, currently projects the US economy grew at a 3.3% annualized pace in the final ...
The economic growth rate is typically calculated as real Gross domestic product (GDP) growth rate, real GDP per capita growth rate or GNI per capita growth. The "rate" of economic growth refers to the geometric annual rate of growth in GDP or GDP per capita between the first and the last year over a period of time. This growth rate represents ...