Why the GDP Equation Subtracts Imports
GDP is gross domestic product. It measures total production, the total output of an economy. We use national income accounting to add up GDP. Continue Reading →
GDP is gross domestic product. It measures total production, the total output of an economy. We use national income accounting to add up GDP. Continue Reading →
mports are the big story today. Sellers who rely on imports, anticipating tariffs, increased their purchases to build up inventories. While that’s a nice story, the data does not support it. Leaving us with a mystery: where did the vanishing imports go? Continue Reading →
There’s a good chance that a lot of the increase in third quarter GDP was caused by U.S. government spending, specifically foreign aid. Continue Reading →
