Real GDP is calculated by multiplying fixed prices by quantities in subsequent periods. For example, real GDP in 2014 is the product of a quantity produced in 2014 at 1988 prices, from which we ...

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 ...

The four major components that go into the calculation of the U.S. GDP, as used by the Bureau of Economic Analysis, U.S. Department of Commerce are: While calculating the GDP estimate, the Bureau ...

Anyone who has taken Economics 101 will be familiar with the equation Y=C+I+G+X-M. Simply put, gross domestic product (Y) is a combination of consumption plus investment, government spending and ...

Commerce Secretary Howard Lutnick stated that governments have historically "messed" with GDP calculations, and added that he plans to separate the two and make the process more transparent. AFP ...

Learn to use the rule of 70 to estimate how long it takes for a country’s GDP to double, aiding in understanding economic growth and investment potential.

GDP is a measure primarily used as a yardstick to gauge the growth of a country. Our government has stressed the GDP growth as one of the measures of its success. Incumbent NDA government has ...

TOKYO (Reuters) - Japan's government said on Tuesday it will change the way it compiles preliminary gross domestic product (GDP) data for the January to March period to better reflect the impact of ...