Co-founder and CTO of OpenAxis
Gross domestic product (GDP) is the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production. GDP is also equal to the sum of personal consumption expenditures, gross private domestic investment, net exports of goods and services, and government consumption expenditures and gross investment. Real values are inflation-adjusted estimates—that is, estimates that exclude the effects of price changes.
For more information about this series, please visit the Bureau of Economic Analysis.
Suggested Citation:
U.S. Bureau of Economic Analysis, Real Gross Domestic Product [A191RL1Q225SBEA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/A191RL1Q225SBEA, July 28, 2022.
Percentage Points at Annual Rate, Seasonally Adjusted Annual Rate
Contributions to percent change in real gross domestic product: Personal consumption expenditures (DPCERY2Q224SBEA)
Contributions to percent change in real gross domestic product: Exports of goods and services (A020RY2Q224SBEA)
Contributions to percent change in real gross domestic product: Imports of goods and services (A021RY2Q224SBEA)
Contributions to percent change in real gross domestic product: Government consumption expenditures and gross investment (A822RY2Q224SBEA)
Contributions to percent change in real gross domestic product: Gross private domestic investment (A006RY2Q224SBEA)
U.S. Bureau of Economic Analysis, Contributions to percent change in real gross domestic product, retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/A006RY2Q224SBEA, July 28, 2022.
Civiqs surveys registered voters on topics such as the direction of the national economy. They ask "Do you think the nation's economy is getting better or worse?" This is a time series of the responses broken down by party (in percentages).
Their breakdowns and visualizations can be found on Civiqs.
Despite the highest inflation in 40-years, real wages are higher than pre-pandemic.
Real wages in March 2022, as calculated by the ratio of Avg. Hrly Earnings to CPI, is actually up 1.8% since Jan 2020!
Average Hourly Earnings are of Production and Nonsupervisory Employees, Total Private, which Paul Krugman used in his Jan 25th op-ed discussing the inflation narrative.
#economy #inflation #wages
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Using PeakMetrics data we breakdown how many articles/podcasts/broadcasts discuss "inflation" or "costs" broken down by the political lean of the publishing organization (as classified by NewsGuard).
We count those articles each month by the Far Left, Slightly Left, Slightly Right and Far Right outlets and index that count by that category’s Dec 2020-Feb-2021 average (setting the average of the base period to 100).