In this week's episode of Measurement Mondays we speak with Tom Howells, Chief of the Industry Economics Division at the Bureau of Economic Analysis to talk GDP! Ever wonder why the BEA releases real and nominal GDP figures? Which figures should you be using and why? Plus, there is more to GDP than just the top-line figures. Join us as we walk through the differences of BEA’s value added by industry statistics and the headline GDP measure. They should all give the same answer, but each one comes at GDP from a different angle and often using different source data. Hear Tom discuss how these measures are calculated.
Want to learn more about the data produced by the U.S. Census Bureau, Bureau of Economic Analysis, and Bureau of Labor Statistics? Check out the more than 100 data series that will be discussed at this year’s Economic Measurement Seminar, July 15-16 in Washington, DC, and online. For more information and to register, visit NABE.com/EMS2024.
