The Federal Reserve Bank of San Francisco says our rough winter weather skewed the data on gross domestic product (GDP) growth for the first quarter. GDP grew at just two-tenths of a percent at the ...
The difference between nominal GDP and real GDP highlights the importance of understanding inflation. Inflation erodes the purchasing power of money and distorts economic statistics. By adjusting for ...
Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Robert Kelly is managing director of XTS Energy LLC, and has ...
Real gross domestic product is often a more accurate reflection of the output of an economy than nominal GDP. By eliminating ...
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