Analyzing Us Gdp over the Past 10 Years

Topics: Gross domestic product, GDP deflator, Economic growth Pages: 2 (600 words) Published: November 10, 2011
Analyzing US GDP
Jackson Demetria
University Maryland University College

After viewing the different Gross Domestic purchases over the past 10 years, I have found that GDP deflator can be viewed as a measure of general inflation in the domestic economy. Inflation can be labeled as a measure of price changes over time. The deflator is usually expressed in terms of an index, a time series of index numbers. For example, percentage changes on the previous years are also shown below.

The GDP deflator reflects movements of hundreds of separate deflators for the individual expenditure components of GDP. These components include expenditure on such items as bread, investment in computers, imports of aircraft, and exports of consultancy services. A deflator is a value that allows data to be measured over time in terms of some base periods, usually through a price in a deflator serves as a price index in which the effects of inflation are nulled. It is the difference between real and nominal GDP. In the United States, the import and export price guides the produced International Price Program that is used as deflators in national accounts. For example, the gross domestic product (GDP) equals consumption expenditures plus net investment plus government expenditures plus exports minus imports. Various price indexes are used to "deflate" each component of the GDP to make the GDP figures comparable over time. Import price indexes are used to deflate the import component and the export price indexes are used to deflate the export component. Nominal GDP is the value of production at current market prices, here measured in millions of US dollars.

I have found that the Fed launch on the latest brilliant idea, to target nominal GDP, it will most likely blow up everything, as the US economy is now about 14.7% below the trend line average. Which means 8.6% annualized increase in economic growth, which is about double where growth has been in the past. How this...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Changes in Laos Over the Past 10 Years Essay
  • Essay about Us Gdp
  • Market Trend for Past 10 Years Essay
  • Essay on Leeds over the past 100 years..
  • The Difficulties of Panasonic and Samsung Stock over the Past 10 Year Essay
  • Healthcare Has Changed over the Past 10 Years with the Help of Technology. Essay
  • GDP Essay
  • Essay about Over The Past Several Years

Become a StudyMode Member

Sign Up - It's Free