Real GDP is calculated by dividing nominal GDP by a GDP deflator. Unlike real GDP, nominal GDP uses current market prices and doesn't factor inflation into its calculation. Real GDP is a ...

Intermediate goods and services—those used in the production of final goods and services—are left out of GDP to prevent double-counting. The calculation of a country's GDP encompasses all ...

The answer for economists is that it measures an important component of social progress—namely, economic welfare, or how much benefit members of society get from the way resources are used and ...

Per capita is used when comparing a certain economic metric to a population. The most common instances of per capita are GDP per capita and income per capita. Per capita information provides more ...

A debt-to-GDP ratio is a handy metric that analysts use to evaluate a country’s ability to pay off its debts. The ratio compares a country’s debt to its annual economic output (gross domestic ...

The latest revision for U.S. Q2 GDP came in at 1.6%, which was higher than the 1.3% reading expected by consensus, but well below the 2.4% value previously reported by the government. Thing is ...

Gross Domestic Product measures the quantum of economic activities in a country, in monetary terms, over some time, usually one year. Real GDP eliminates the impact of inflation by applying a deflator ...

uses a more complex definition, considering many factors alongside GDP figures. These factors include real personal income less transfers, real personal consumption expenditures and household ...