Inflation generally increases when the gross domestic product (GDP) growth rate is above 2.5 percent due to several factors, such as demand for goods overstretching supply and higher wages in an ultra-competitive job mar... More »

The inflation rate calculated with the help of the gross domestic product, or GDP, deflator uses the price index that indicates how much of the GDP has changed in the previous year is based on changes in the price level.... More »

GDP, or gross domestic product, is a way to measure a country's economy by adding up the total amount of all services and goods produced within that country in a given year. GDP is used to help determine the health of an... More »

Nominal GDP is a measure of the Gross Domestic Product in absolute terms, while real GDP is a measure that factors in the rate of inflation. More »

The income approach to calculating GDP measures the total amount paid to produce goods and services, while the expenditure approach to calculating GDP measures the total amount spent purchasing goods and services, accord... More »

GDP stands for gross domestic product, which is the market value of finished goods and services manufactured in a country within a set time frame, typically one year. This includes consumer spending, government spending,... More »

Inflation can rise as a result of a number of factors, such as an excessive monetary supply — which devalues currency, causing a rise in prices — and excessive pressure on supply and demand, usually caused by natural dis... More » World View Social Sciences Economics