Economic Analysis of a layman

We all know that well-television hit the market data and the fact that we are on the U.S. economy. Almost also reminded that the oil machine is too large to understand it. However, even though he, like the characteristics of the machine, we tend to experience the life of the entity, such as depression, anxiety or aggression can imagine. In this sense, as one may never be anything other than a 'guess on our economic future' else? Today, you will receive --Answer this question.

Pages and data pages are any of your opinion, if you can not read something, how do you do. And understanding, you also have a little knowledge of economic indicators to measure the popularity and their true meaning. Today, we will hold a brief for a very important economic indicators, gross domestic product.

Gross domestic product, what is it?

Gross domestic product is estimated that within the scope of economic activity measurementAmerican Institute of Physics limited to one calendar year. Behind this is indeed a very complicated mathematics, but more fundamentally, we include all consumer goods, consumption and investment all the money and expenditures. This measurement is usually in the form of an amount, 13.5trillion U.S. dollars. This means that this year's 135 billion in goods, services, investment and technology development are taking place in U.S. dollars. Construction of milking all the spacecraftGross domestic product.

When GDP increases, we assume that we have created something more (such as dairy or cars). When the decline in gross domestic product, we expect less, we have created things. Of gross domestic product is as follows: First, a value of gross domestic product does not make any sense, if you have a book in preparation of reports. For example, doctors may not be aware of a disease diagnosis, and only the patient's temperature. Doctors also need to understand the patient's age, sex, weight, height, past illnesses, and many other economists also use a differentIndicators, and GDP in general the analysis of other indicators before the complete comparison. Today, we compare the two years of gross domestic product numbers: 2006 and 2007

2006 GDP: 11.3 trillion

2007 GDP: 11.5 trillion

We immediately see that our gross domestic product from 200 billion to 2007. Of course, we also believe that we 200B value of is now circulating in the market, the establishment of new products, to become everyone's lives better. The new 200B of the value of goods and services whoJobs and hope germination of more business growth. Long story short, when we see our growth in the gross domestic product, as a positive indicator rule. However, in some cases in an economic situation, the gross domestic product, and more effectively with the serious economic problems. In other words, growth in gross domestic product is not always a sign of economic prosperity.

In this part of the series 2, we will determine the inflation and consumer confidence index. Our basic in this series will be out of the final economic analysis of gross domestic product,Consumer confidence index, unemployment and taxation. After learning of these indicators, you can rest assured that held its primary economic analysis.