Sunday, February 21, 2010

GROSS DOMESTIC PRODUCT: FOURTH QUARTER 2009 (ADVANCE ESTIMATE)

The Bureau of Economic Analysts projects that there will be an increase in the GDP for this coming year based on the increases in GDP for the year 2009. "Motor vehicle output added 0.61 percentage point to the fourth-quarter change in real GDP afteradding 1.45 percentage points to the third-quarter change. Final sales of computers subtracted 0.03percentage point from the fourth-quarter change in real GDP after subtracting 0.08 percentage pointfrom the third-quarter change." The article goes on to say that the price index, which measures prices paid by US costumers, rose 2.1%. This coupled with other statistics such as real personal consumption increases show hope for future GDP increases.

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