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....
US International Trade This chart displays a time series of International Trade, depicting the flow of US exports and imports from 1929 to 2020. The graph exhibits two lines; the blue line shows the amount of goods and services exported from the United States to the rest of the world, and the other line represents the amount imported into the United States from the rest of the world. The two lines moved in tandem until the early 1980s, after which they started to diverge....
US Historical Growth and Recession This chart illustrates the US real Gross Domestic Product (GDP) on a quarterly basis from 1947 to 2020. The graph includes shaded vertical bars that represent periods of recession or economic contraction. A recession is defined as negative economic growth for two consecutive quarters, and this definition is also applied to this graph. The most recent instances of a recession were observed during the 2008 financial crisis and the COVID-19 pandemic....