Posted inEconomy & Inflation
Productivity Explained
Labor productivity measures output per hour worked. Learn why productivity matters for wages, inflation, profits, and living standards—and why one quarter should not be overinterpreted.
Posted inEconomy & Inflation
Consumer Spending Explained
Consumer spending, or PCE, measures goods and services purchased by or on behalf of U.S. residents. Learn how BEA measures spending and why economists watch it.
Posted inEconomy & Inflation
GDP vs. GDI: Two Ways to Measure the U.S. Economy
GDP measures economic activity from the spending and production side; GDI measures the incomes generated by that production. In theory they are equal, but real-world estimates differ.
Posted inEconomy & Inflation
What GDP Measures
GDP measures the value of final goods and services produced within the United States. Learn the spending components, real vs. nominal GDP, revisions, and what GDP leaves out.