Economic Report: Gross Domestic Product

1895 words - 8 pages

Economics Report OutlineI. General Macroeconomic indicatorsA. Gross Domestic Product (GDP)1. Definition of GDP.2. Change in GDP from quarter one to current quarter.B. Unemployment Rate1. The change in unemployment rate from October to November.C. Inflation Rate1. Explanation of Inflation Rate.2. Current inflation rate along with graph.II. Monetary PolicyA. Major announcements by the FED1. Brief definition of monetary policy2. The FEDs effects and general announcements.B. Interest Rates1. Details on the rise of interest rates.C. Money Supply Growth1. Definition of money supply and current changes.III. Financial MarketsA. Stock Indicators1. Details on the different indicators that affect U.S. stockB. Bond Market Indicators1. Details on the different indicators that affect the Bond Market.IV. Work CitedECONOMIC REPORTGross Domestic Product (GDP) is the total market value of all the final goods and services produced within a nation's borders in a given time period. Each goods and services produced and brought in the market has a price. The price of the total output is called as GDP. It can be measured by either cumulating all the income earned in the economy or all the spending in the economy and both measures should roughly equate to the same total.The Gross domestic income includes the following items:1) Wages and salaries paid to the labor force.2) Corporate profits earned by the country's businesses.3) Interest charged by lenders (i.e., banks).4) Taxes collected by governments.The Gross domestic expenditure includes the following items:1) Consumer spending on items such as food, clothing, services, and other items.2) Investments in plant, equipment, inventories & household residences.3) Government spending for defense, roads, schools, and other items.4) The value of exports minus imports.Two ways to measure GDP1) Nominal GDP is the value of final output produced in a given period, measured in the prices of that period (current period). As the price level changes everyday, both real and nominal GDP are regularly reported. Nominal GDP is computed simply by adding the current dollar value of the production.2) Real GDP is the value of final output produced in a given time period, adjusted for changing prices. Real GDP is the inflation adjusted value of nominal GDP. Real GDP is calculated by adjusting the market value of goods and services for changing price.GDP indicates the current health of an economy. It is the basic measure of an economy's size. GDP provides a useful perspective on the way the economy works. It shows how factor markets relate to product markets. It shows how output relates to income. It shows how consumer spending and business investment relate to production. It also shows how the flow of taxes and government spending may alter economic outcomes.GDP in has risen since quarter one of this year. Currently GDP level is at $11, 810 billion. In the first quarter it was $11, 472.6 billion which is an increase of $337.4 billion....

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