US Real GDP RGDP Economic
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What is US Real GDP?
This indicator measures the total value of all goods and services produced within the United States, adjusted for inflation. It is the broadest measure of economic activity and serves as a primary gauge of the nation's economic health and growth trajectory. Economists and policymakers closely monitor changes in real GDP to understand the current state of the economy, forecast future trends, and inform monetary and fiscal policy decisions. A rising real GDP generally signifies economic expansion, increased production, and potentially job growth. Conversely, a declining real GDP, particularly for two consecutive quarters, indicates an economic recession, signaling a contraction in economic activity, potential job losses, and reduced consumer spending. Real GDP is calculated by summing up the value of consumption, investment, government spending, and net exports, then deflating the nominal GDP to account for price level changes. This inflation adjustment provides a more accurate picture of the actual volume of goods and services produced.
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