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 2024 Table: US GDP measured by components of demand for the year 2024 Component Amount (trillions of $) Percent Pie chart percent Consumption 19.928167 67.89% 52.90% Investment 5.347692 18.22% 14.20% Government 5.032578 17.14% 13.36% Exports 3.204134 10.92% 8.51% Imports 4.15825 -14.17% 11.04% Total GDP 29....