GDP Paper

Submitted By Trinida1
Words: 532
Pages: 3

GDP Report

The GDP (gross domestic product) is a valuable tool to the US Government, and American industries. The GDP (gross domestic product) provide statistics for industry sectors on a quartile basis. These statistics provide the US federal economic timely information on the economic growth. This data provide business with tools for assessing how their industry compares with other industries. With this information Policy makers and businesses gain an understanding of the economic turning points. Gross Domestic Products (GDP) quartile statistics provide the performances of employment, sales, prices, and shipments. These statistics provide an understanding of the businesses cycles and economic growth. The measures of outputs and inputs by industries are consistent with GDP. Most users focus on the GDP by industries, while the gross output industries are a highly useful statistic of the economic accounts; that is published by the BEA. The gross output measure the industry’s sales or receipts. When value is added to the GDP it represents the sum of cost and incomes earned in production. According to the Bureau of Economic Analysis (BEA 14-13), March 27, 2014 the author, provides valuable data illustrating the real gross domestic product is listing at 2.6 percent profit during the fourth quarter of 2013. Remember the nominal GDP is define as the sum of price multiply quantity for each item produced in the economy measuring the current year’s price. Also, keep aware that the 4.1 GDP increase is of that prior year third quarter of 2013 and not 2014. If the real GDP increases from one year to the next, than there is economic growth. So, in order maintain fiscal integrity relating to the rise and fall of GDP over time is tracking statistics for business cycle during peaks, recession, though, economic recovery, and short and long term expansion periods. The author reports that economic growth is fairly the same, although slight increase of personal consumption expenditure (PCE). Private investments managing inventories’ along with intellectual property products reports less than earlier business estimate. If there…