Real GDP is calculated by gathering data on the quantities of various goods and services produced in the economy (quantities ...

Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. For example, if prices rose by 5% since the base year, then the ...

The calculation of GDP, real and nominal, is hinged on what is referred to as the base year. That is the year that prices are adopted to calculate the GDP figures in subsequent years. You ...

Because GDP estimates the value of production in the U.S., imports are neither added nor subtracted conceptually. The calculation only subtracts imports because the spending estimates include imports.

A country's debt-to-GDP ratio is a metric that expresses how leveraged a country is by comparing its public debt to its annual economic output. Just like people and businesses, countries often ...

"Imports, which are a subtraction in the calculation of GDP, decreased." Third quarter GDP was higher than the fourth quarter. "Compared to the third quarter, the deceleration in real GDP in the ...