2022

The GDP Deflator and the CPI as a measures of Inflation Inflation refers to the pace at which prices increase over time. The graph displays the two types of inflation indicators used: the GDP Deflator and the Consumer Price Index (CPI), from 1965 to 2022. The two measures of inflation mostly move in tandem with occasional deviations. If you want to learn more about these indicators, the book “Principles of Macroeconomics” by Gregory Mankiw is a useful resource....

The components of US Gross Domestic Product (GDP) for the year 2023 The pie chart and table present recent data about the four different components of the United States' Gross Domestic Product (GDP), including their corresponding amounts and percentages. Examining the table, we can see that the total GDP of the United States in Q4 of 2022 was valued at 26.14 trillion US dollars. Consumption was the biggest contributor to the GDP, amounting to 17....