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Posted by sviechweg (MONEY FORUMS: 7, Answers: 0)
Asked on September 10, 2015 3:52 am
Great question! Changes in the nation's GDP are an indication of the country's economic health and are therefore important. Quarterly fluctuations can occur for a variety of reasons and it is more important to view GDP in relative terms; is it strong and continuing or improving? The quarterly numbers are usually revised after they first come out, and while they are an indicator the revised numbers are the important measure. It is also important to look at GDP in "real" numbers. GDP is published as both "nominal" and "real". The nominal GDP is the straight dollar number, the real GDP is the nominal GDP adjusted for inflation. A strong or increasing GDP is indicative of a healthy or improving economy, which generally translates into more job opportunities and favorable economic conditions.