The final values for 2008:q2 gdp released by the bureau of economic analysis on friday were more disappointing than the earlier estimates still, the 28% annua.
Daniel mitchell of the cato institute doesn't like keynesian-laced gdp reports which he thinks are misleading: but here’s the problem gdp numbers on. Gross domestic product (gdp) vs gross national product (gnp) diffen economics gdp (or gross domestic product ) and gnp ( gross national product ) measure the size and strength of an economy but are calculated and used in different ways.
Nalewaik evaluated gdp and gdi by comparing vintages of the (unrevised) data to show that early estimates of gdi captured the downturn in the 2007-09 recession better than gdp, which could have given policymakers advance notice.
Reuters/nir elias move over gdp, gdi is the new and improved way everyone is measuring the economy gdp, or gross domestic product, is the most widely cited measure for the economy's overall. In the first quarter of 2012, for instance, gdi increased by 27 percent that suggests a somewhat healthier recovery going further back in time, gdp and gdi have often been at odds with each other.
According to the bureau of economic analysis (bea) of the us department of commerce, gross domestic income (gdi) and gdp are conceptually equivalent in terms of national economic accounting.
Gross national income (gni) is the income earned by a country's citizens and companies gdp and gnp comparisons gni by country gni per capita.