- published: 21 Nov 2016
- views: 474
Gross domestic product (GDP) is a monetary measure of the value of all final goods and services produced in a period (quarterly or yearly). Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. Nominal GDP however do not reflect differences in the cost of living and the inflation rates of the countries; therefore using a GDP PPP per capita basis is arguably more useful when comparing differences in living standards between nations.
GDP is not a complete measure of economic activity. It accounts for final output or value added at each stage of production, but not total output or total sales along the entire production process. It deliberately leaves out business-to-business (B2B) transactions in the early and intermediate stages of production, as well as sales of used goods. In the United States, the Bureau of Economic Analysis (BEA) has introduced a new quarterly statistic called gross output (GO), a broader measure that attempts to add up total sales or revenues at all stages of production.Mark Skousen was the first economist to advocate GO as an important macroeconomic tool. Other countries are following suit, such as the United Kingdom, which now producing an annual statistic called Total Output.
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Of more importance is the growth of the ratio of GDP to population (GDP per capita, which is also called per capita income). An increase in growth caused by more efficient use of inputs (such as physical capital, population, or territory) is referred to as intensive growth. GDP growth caused only by increases in the amount of inputs available for use is called extensive growth.
In economics, "economic growth" or "economic growth theory" typically refers to growth of potential output, i.e., production at "full employment". As an area of study, economic growth is generally distinguished from development economics. The former is primarily the study of how countries can advance their economies. The latter is the study of the economic development process particularly in low-income countries.
The United States is the world's largest national economy, representing 22% of nominal global GDP and 17% of global GDP (PPP). The United States' GDP was estimated to be $17.914 trillion as of Q2 2015. The U.S. dollar is the currency most used in international transactions and is the world's foremost reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. The United States has a mixed economy and has maintained a stable overall GDP growth rate, a moderate unemployment rate, and high levels of research and capital investment. Its seven largest trading partners are Canada, China, Mexico, Japan, Germany, South Korea, and the United Kingdom.
The US has abundant natural resources, a well-developed infrastructure, and high productivity. It has the world's ninth-highest per capita GDP (nominal) and tenth-highest per capita GDP (PPP) as of 2013. Americans have the highest average household and employee income among OECD nations, and in 2010 had the fourth highest median household income, down from second highest in 2007. It has been the world's largest national economy (not including colonial empires) since at least the 1890s.
To understand American business history, follow the trends. See how America was settled over time, how people moved from farms to cities, how gross national product grew, how stocks went up and down, and how income was distributed. One thing is certain: in business, things constantly change. This video is featured in the "Constant Change" section of the American Enterprise exhibition at the Smithsonian's National Museum of American History. Section link: americanhistory.si.edu/american-enterprise-exhibition/videos/constant-change Exhibition link: americanhistory.si.edu/american-enterprise
Picture the economy as a giant supermarket, with billions of goods and services inside. At the checkout line, you watch as the cashier rings up the price for each finished good or service sold. What have you just observed? The cashier is computing a very important number: gross domestic product, or GDP. GDP is the market value of all finished goods and services, produced within a country in a year. But, what does "market value" mean? And what defines a "finished good"? These, and more questions, percolate inside your head. Meanwhile, the cashier starts ringing up the total, and you’re left confused. An array of things pass by you — A bottle of wine. A carton of eggs. A cake from the local bakers. A tractor, of all things. A bunch of ballpens. A bag of flour. In this video, join us as ...
View Part 1: Intro to Debt -- http://www.youtube.com/watch?v=82uXr4znILw It is easy to look at the trillions of dollars that the U.S. owes and think, "Geez, that's a lot of money." And it is. But is it too much money? To decide this, a lot of economists like to look at debt and compare it to our Gross Domestic Product (GDP). A few economists recently looked at the data on debt and economic growth from 44 countries over 200 years. These economists found that when a country's debt is below 90% of its GDP, the debt doesn't seem to effect the country's economy at all. But when it gets over 90%, suddenly that country begins to suffer a 1% decline in economic growth. Today, the U.S. debt is over 100% of its GDP. The same economists have warned that we need to start correcting course now s...
In this report I cover the markets' reaction to the publication of U.S. GDP data. I cover precious metals, stocks, bonds and currencies. Donations to Maneco64: https://www.goldmoney.com email: maneco@aol.com bitcoin https://blockchain.info/address/14DUCdB6ZPP3su12VeN1BxWgvMHjAVZJSH ethereum 0x5CecA7DB267169Ca6821edADC0baB80b346Ce6c0 https://www.paypal.me/maneco64 https://www.patreon.com/user?u=3730528
GDP is the "bottom line" figure for every economy. The measure is far from perfect but it has a huge market impact. We explain the components and focus on the US releases, which have a few a unique characteristics in terms of publication schedule, the good and bad components and calculation methods. We top up with a look at recent years. Each quarter may be unique, but when zooming out from the quarterly fluctuations, it is easy to understand Lagarde's "New Mediocre" catch-phrase.
Are you interested in the current affairs and the happenings of India & Pakistan? Want to watch an unbiased view, with minute by minute updates of the current scenario? Vande Mataram India is the right place to be! Watch Latest News Headlines 2016, Geo News Headlines 2016, India Pakistan News Headlines 2016, Aaj tak News Headlines 2016, Express News Headlines 2016, AAJ News Headlines 2016, News Updates. Please subscribe for breaking News Headlines and Updates. Forum discussions, talk shows and much more. Stay tuned For More News Subscribe Now https://goo.gl/6w8tYQ
Music-"Wallpaper" by Kevin MacLeod None of the music or images in this video belongs to me.
How do U.S. States compare with Global Countries: A map
To understand American business history, follow the trends. See how America was settled over time, how people moved from farms to cities, how gross national product grew, how stocks went up and down, and how income was distributed. One thing is certain: in business, things constantly change. This video is featured in the "Constant Change" section of the American Enterprise exhibition at the Smithsonian's National Museum of American History. Section link: americanhistory.si.edu/american-enterprise-exhibition/videos/constant-change Exhibition link: americanhistory.si.edu/american-enterprise
Picture the economy as a giant supermarket, with billions of goods and services inside. At the checkout line, you watch as the cashier rings up the price for each finished good or service sold. What have you just observed? The cashier is computing a very important number: gross domestic product, or GDP. GDP is the market value of all finished goods and services, produced within a country in a year. But, what does "market value" mean? And what defines a "finished good"? These, and more questions, percolate inside your head. Meanwhile, the cashier starts ringing up the total, and you’re left confused. An array of things pass by you — A bottle of wine. A carton of eggs. A cake from the local bakers. A tractor, of all things. A bunch of ballpens. A bag of flour. In this video, join us as ...
View Part 1: Intro to Debt -- http://www.youtube.com/watch?v=82uXr4znILw It is easy to look at the trillions of dollars that the U.S. owes and think, "Geez, that's a lot of money." And it is. But is it too much money? To decide this, a lot of economists like to look at debt and compare it to our Gross Domestic Product (GDP). A few economists recently looked at the data on debt and economic growth from 44 countries over 200 years. These economists found that when a country's debt is below 90% of its GDP, the debt doesn't seem to effect the country's economy at all. But when it gets over 90%, suddenly that country begins to suffer a 1% decline in economic growth. Today, the U.S. debt is over 100% of its GDP. The same economists have warned that we need to start correcting course now s...
In this report I cover the markets' reaction to the publication of U.S. GDP data. I cover precious metals, stocks, bonds and currencies. Donations to Maneco64: https://www.goldmoney.com email: maneco@aol.com bitcoin https://blockchain.info/address/14DUCdB6ZPP3su12VeN1BxWgvMHjAVZJSH ethereum 0x5CecA7DB267169Ca6821edADC0baB80b346Ce6c0 https://www.paypal.me/maneco64 https://www.patreon.com/user?u=3730528
GDP is the "bottom line" figure for every economy. The measure is far from perfect but it has a huge market impact. We explain the components and focus on the US releases, which have a few a unique characteristics in terms of publication schedule, the good and bad components and calculation methods. We top up with a look at recent years. Each quarter may be unique, but when zooming out from the quarterly fluctuations, it is easy to understand Lagarde's "New Mediocre" catch-phrase.
Are you interested in the current affairs and the happenings of India & Pakistan? Want to watch an unbiased view, with minute by minute updates of the current scenario? Vande Mataram India is the right place to be! Watch Latest News Headlines 2016, Geo News Headlines 2016, India Pakistan News Headlines 2016, Aaj tak News Headlines 2016, Express News Headlines 2016, AAJ News Headlines 2016, News Updates. Please subscribe for breaking News Headlines and Updates. Forum discussions, talk shows and much more. Stay tuned For More News Subscribe Now https://goo.gl/6w8tYQ
Music-"Wallpaper" by Kevin MacLeod None of the music or images in this video belongs to me.
How do U.S. States compare with Global Countries: A map
Join DailyFX Strategists Michael Boutros, Paul Robinson and David Song to cover the 2Q U.S. GDP report along with key trade setups going into August. #news @CVecchioFX @DavidJSong @MBForex @JamieSaettele @JohnKicklighter @ilyaspivak @ForexYell @JStanleyFX @DRodriguezFX @PaulRobinsonFX
The Peter Schiff Show Podcast - Episode 245 Open your Goldmoney account today: https://www.goldmoney.com/ Sign up for my free newsletter: http://www.europac.net/subscribe_free_reports Peter Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Friend me on http://www.Facebook.com/PeterSchiff Follow me on http://www.Twitter.com/PeterSchiff
#news @ForexYell Thursday’s price action was centered on the apparent turnaround in the USD and persistent weakness in the Swiss Franc. Thursday’s action will be validated on Friday’s GDP print. Highlights: • DXY bounces from overnight low, likely on month-end profit taking • Fed digested as dovish for future hikes as per steepening UST 5s30s • EUR/USD and USD/CAD tag 2.618% Fibonacci extension off initial 2017 move, Testing 200-WMA • Sentiment Highlight: Crude Oil net-short positions rise ~40% week over week
The United States will publish the first release of the Gross Domestic Product for the first quarter of 2016. The US Q1 GDP release will be a key event that will provide market with clues on how the US economy is performing. Join Valeria Bednarik from FXStreet.
Andy Hoffman from Miles Franklin is on the line to dissect today's breaking news about the collapse of the US economy as illustrated by today's GDP report. The REAL numbers which now fully reveal how sick the economy is, despite artificially low interest rates and TRILLIONS in Fed "stimulus", are absolutely frightening. According to Zero Hedge, "If US inventories, already at record high levels, and with the inventory to sales rising to great financial crisis levels, had not grown by $121.9 billion and merely remained flat, US Q1 GDP would not be 0.2%, but would be -2.6%." Thanks for tuning in as we document the collapse April 29, 2015. For REAL News & Information 24/7: http://sgtreport.com/ http://thelibertymill.com/ Music: "Drone in D" and "The Complex" (http://www.incompetech.com) L...
DailyFX Senior Currency Strategist Christopher Vecchio discusses the major data due over the coming week and how they will impact FX markets. Topics covered include: - Does the US Dollar have a chance this week to stop its recent bleeding? - Australian and Japanese inflation readings due up to stoke volatility in the Australian Dollar and Japanese Yen. - Why should traders care about Q2'17 UK and US GDP releases this week? #forexnews @CVecchioFX @DailyFX @DailyFXTeam
The Schiff Report 7/30/2016 Sign up for my free newsletter: http://www.europac.net/subscribe_free_reports Peter Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Friend me on http://www.Facebook.com/PeterSchiff Follow me on http://www.Twitter.com/PeterSchiff
Trade the US GDP with FXStreet with Valeria Bednarik, Mauricio Carrillo, and Yohay Elam. Join us Friday, January 27 13:00 GMT/08:00 am EDT. The United States will publish the first release of the Gross Domestic Product for the fourth quarter of 2016. The US Q4 GDP report will be a key event that will provide the market with clues on how the US economy is performing right at the first days of Donald Trump as the US President. The market will watch it closely. FXStreet and Forex Crunch join forces to provide Forex independent traders with top quality content and opinions during the US GDP release. Join Valeria, Mauricio, and Yohay Elam and ask them any question you may have.
The United States will publish the second release of the Gross Domestic Product for the second quarter of 2016. The US Q2 GDP release will be a key event that will provide market with clues on how the US economy is performing. Market will watch it closely after the UK decision for Brexit. Join Valeria Bednarik and Mauricio Carrillo from FXStreet, and Yohay Elam from Forex Crunch. More info: http://www.fxstreet.com/live-video
The United States will publish the preliminary release of the Gross Domestic Product for the second quarter of 2016. The US Q2 GDP release will be a key event that will provide market with clues on how the US economy is performing. Market will watch it closely after the UK decision for Brexit. Join Valeria Bednarik and Mauricio Carrillo from FXStreet, and Yohay Elam from Forex Crunch. Watch more FREE analysis and Live Coverages: http://www.fxstreet.com/live-video