GDP Overview

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Most common way of referring to an economy’s overall #growth.

4 categories

• #consumption
• business #investment
• #exports - #imports
• government spending

The usually-quoted figure in the #media is #seasonally #adjusted and ‘real’ - it doesn’t take inflation into account

#Real GDP GDP without inflation #Nominal GDP GDP with inflation included

• released quarterly so sluggish
• revised frequently, so hard to make policy off it
• in the US, revised from 6 months to years later