Expected U.S. GDP Growth Rate.
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What is the expected GDP Growth Rate in the U.S.? What are trends, forecasts, and statistics? How is GDP determined? How is GDP interpreted?
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Solution Summary
This report will define the Gross Domestic Product (GDP) in terms of definition, calculation and trends. The supporting PowerPoint will clarify interpretation and provide the reader with a clear explanation and understanding of the Gross Domestic Product. We will look at the different calculations and definitions of the Gross Domestic Product. Includes PowerPoint and Word documents.
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Topic: Identifying GDP, trends and Calculation
Audience: Guelph, Ontario, Chamber of Commerce
Purpose: To give business leaders an idea of what the economy may look like based on recent history and expected future conditions
Executive Summary
This report will define the Gross Domestic Product (GDP) in terms of definition, calculation and trends. The supporting PowerPoint will clarify interpretation and provide the reader with a clear explanation and understanding of the Gross Domestic Product. We will look at the different calculations and definitions of the Gross Domestic Product. Source PowerPoint is 509402 GDP.
Detail
There are two GDP measurements: Nominal and Real. Nominal is based on expenditures and is expressed in billions of US dollars. Real is based on a comparative percentage over a previous year.
The current nominal GDP is $15,775 Billion US dollars as of September 2012
(Source: http://forecasts.org/gdp.htm, retrieved Oct. 29, 2012)
The Nominal GDP is expected to increase to $15,974 for 1st quarter 2013 as per chart above.
NEW YORK (CNNMoney) -- U.S. economic growth at the end of last year was as strong as everyone thought, but most economists expect things to slow in the next couple of years. Gross domestic product, the broadest measure of the nation's ...
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