The Gross Domestic Product ( Gdp )

We will begin with real GDP. Real GDP, an acronym for Gross Domestic Product, is the total value of final goods and services during a particular period or year adjusted for price changes. The GDP is an indicator of a country’s economic health. Final goods and services definition is a goods consumed rather than used for further processing. The Real GDP is increased or decreased based Inflation or deflation.

• The rise and fall of GDP over a specific period of time is, in many cases, the number one indicator for how the economy is doing. Being the output of final goods and services, GDP works well with consumer confidence and provides a good idea as to the general health of the economy. By looking at Figure 1, we can see that GDP rose steeply after the 20008-2009 recession and has continued to remain strong with relatively little movement since 2010. In the most recent quarters, 2014 and 2015, GDP has declined a little, but the decline is in no way too drastic nor did it have any significant impact on the economy. This slight decline is more like GDP

In this paper, you will read about the current standing of the U.S. economy as of spring and summer for 2015. Gross Domestic Product (GDP), unemployment rate, inflation rate, foreign trade, consumer spending, business investment, and government spending will all be analyzed. This analysis will then lead to the projection of the U.S. economy for the first two quarters of 2016.

The forecast for US GDP for the next five years is positive with an average rate of 1.94 percent. From 2016 to 2020, the growth of US GDP as per the forecast will be 2 in 2016, 1.8 in 2017, 1.9 in 2018, 2 in 2019 and 2 percent in 2020 respectively (United States | Economic Forecasts | 2016-2020 Outlook). According to the actual or aggregate forecast for the next five years, US GDP will be $ 18,295 billion in the year 2020. Therefore, the trend is positive, and US GDP will continue to rise gradually.

In a recently released report entitled GDP Declines Slightly in Fourth Quarter, the United States Department of Commerce and the Bureau of Economic Analysis (BEA) examine recent data trends to provide a detailed advance estimate of the nation's gross domestic product (GDP). A pair of informative graphs is also included within this comprehensive review, with the first illustrating the quarterly growth in real GDP since 2009, and the second depicting annual real GDP growth over the same period of time. Released on January 30th, 2013, the BEA's most recent GDP forecast concludes that real GDP decreased by a rate of 0.1 percent during the fourth quarter of 2012, after a relatively encouraging increase of 3.1 percent during the preceding quarter (Bureau of Economic Analysis, 2013). Among the notable economic trends observed by the BEA in its latest report is a downturn in inventory investment by manufacturing industries, as major retailers struggle to cope with dampened consumer confidence during the prolonged recession (2013) The BEA also finds that government spending was curtailed dramatically, reflecting the Obama administration's commitment to reduce superfluous funding for the defense department.

Real gross domestic product (GDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year (Investopedia.com, 2004). Inflation is the fluctuation of the costs for goods/services and this has a negative impact of increasing unemployment; individuals who are searching for work and are unable to find employment (“Introduction to economics,” 2012).

Prompt: Analyse how aggregate demand, aggregate supply, saving, investing, business cycles, and GDP effect the nation's economy (including types of unemployment, poverty, economic growth, and inflation).

hiding something behind the actual unemployment rate in America or people in America are still feeling the effects of the 2008 recession. The housing market crash in the fourth quarter of 2008 may still be affecting many families today. Since consumer spending drives two thirds of the economy, according to econoday, it also affects retail sales because when consumers are confident in their economy, there are willing to buy more (Econoday: “Consumer confidence”). This, in turn, affects U.S. retail sales which is also a reflection of the U.S. Gross Domestic Product. These indicators have a chain reaction because when one changes, it affects the rest.

First we need to define what is GDP and how is it measured. According to Chan (2013) GDP is a measure of the output of all final goods and services produced in the United States of America in a given year. Now, GDP can be measured in two ways: by adding

The current rate of GDP growth, according to the Bureau of Economic Analysis, is 2.7% (for Q3), and it was 1.3% in Q2 of this year. This rate reflects relatively slow growth, with challenges remaining in the domestic market and with sluggishness in Europe suppressing exports to that region. The rate of GDP growth is predicted to slow to a decline of 0.5% between Q4 2012 and Q4 2013, the US re-entering recession, according to the Congressional Budget Office's projections. These projections are based on the provisions of the Budget Control Act being enacted, though any observers are doubtful that this will occur.

The future of the economy is still going strong but one has not seen the great strides in advancement, as was the case from 1983 to 1993(economy). "Per capita personal income for the Nation is projected to increase 1.2 percent per year in 1993-2005, compared with a 1.4 percent increase per year in 1983-93. The growth rate slows as a result of the relationship between personal

GDP and the economy: Third estimates for the first quarter of 2013. Survey of Current Business. July 2013; 93 (7), 1 Retrieved from http://proxy.cecybrary.com/login?url=http://ehis.ebscohost.com/eds/detail?vid=3&sid=5a4d1607-26d1-4702-aa4e-2813451791d0%40sessionmgr4&hid=17&bdata=JnNpdGU9ZWRzLWxpdmUmc2NvcGU9c2l0ZQ%3d%3d#db=f5h&AN=89992363.

We are in the 4th quarter of 2014 and the year started with a decreased real GDP of 2.1%, followed by a growth of 4.6% in the 2nd and 3.9% in the 3rd quarter.

Real GDP can be calculated with the use of prices derived from a given base year, and this helps in the adjustment to changes in price. Through this perspective, it becomes possible for the real GDP to measure accurately changes relating to output

Gross Domestic Product (or known as GDP), is defined as, “aggregate output as the dollar value of all final goods and services produced within the borders of a country during a specific period of time, typically a year” (McConnell, Brue, & Flynn, 2012). This measures the value of the output in monetary terms, and you can check current trends of the GDP by taking a look at the Bureau of Economic Analysis website. Today, we are taking a look at the “Release Highlights” link to check the most current trends within the GDP.