GDP, CPI and IP. GDP. Consumption spending + investment spending + government spending + export spending - import spending GDP. Real GDP. GDP ÷GDP price deflator Real GDP
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GDP, CPI and IP
GDP Consumption spending + investment spending + government spending + export spending - import spending GDP
Real GDP GDP ÷GDP price deflator Real GDP The real GDP is one of the most important indicators of economic performance. A rise in real GDP indicates economic growth, while a fall in real GDP indicates economic decline. http://www.bea.gov/index.htm
GDP Price Deflator? GDP Price Deflator is a measure of the change in prices of all new, domestically produced, final goods and services in an economy. The prices of the specified products are measured each month, and the percentage change in price is reported as the Consumer Price Index.
Consumer Price Index Consumer Price Index by creating a market basket of thousands of items purchased by consumers – + food + housing + clothing + transportation + medical care + recreation + education + communication + energy Consumer Price Index
Industrial Production Industrial Production by calculating the manufacturing output: + consumer goods + business equipment + construction supplies + materials + manufacturing + mining + utility industries Industrial Production