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If you throw all the products we buy and the services we use in one basket, then add up the price tag, that's the Gross Domestic Product, which is the primary metric economists use to assess the economic health of a country or region.
The easy part of calculating GDP is the calculation itself: C+I+G+(X-M)=GDP. Got it? No? Well, add Consumption, Investment by companies, Government purchases, and then take the product of eXports (calling it 'E' would lack sexiness) minus iMports ('I' was taken). Viola! GDP.
Still don't get it? Well, knowing the components helps. Consumption is the biggest component, and it's a tally of the cost of all the goods and services we buy. Investment is what companies spend on the real assets they own, plus the value of the inventory that we haven't gobbled up through consumption. Government purchases are what the Feds pay money for (whether it be highways or fighter jets, though big social programs, like welfare, aren't counted). And then we calculate the difference between the goods and services we¿re sending to other countries and the stuff we're bringing in.
Good. That explains it, except there's a catch. Inflation has a habit of distorting the numbers, so economists talk about either Nominal GDP or Real GDP. In fact, Real GDP isn't necessarily "real" for most folks, since it takes any inflation out. Nominal GDP includes the effects of inflation. (There's something called the implicit price deflator which is a calculation using the two, but we'll spare you the details.)
So, now that we know GDP, why do we want to? Well, it's good to compare different markets. And watching the trend shows whether a given economy is growing (good), stagnating (not so good), or shrinking (very not so good). When GDP goes down two quarters in a row, we're officially in a recession.
For the record, GDP is released at the end of each month, with most reporting ¿preliminary¿ data for the previous month. But you won't get final GDP numbers for the fourth quarter of a year until the very end of the first quarter of the next year. After all, it's not an easy number to calculate.
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Monday, August 04, 2008
Uranium 308 Corp. CEO Dennis Tan Featured on WallSt.net's 3-Minute Press Show
Comtex
LAS VEGAS, NEVADA, Aug 04, 2008 (MARKET WIRE via COMTEX) ----Uranium 308 Corp. (OTCBB: URCO) (the "Company") is pleased to announce that its CEO, Dennis Tan, was featured in an exclusive interview on WallSt.net's 3-Minute Press Show on Thursday July 31, 2008. To view the clip of the interview in its entirety, visit: http://www.tv.wallst.net/r/3-minute-press/URCO/189/819.
The interview provides an overview of the Company that updates on progress of its drilling program on its Janchivlan property in Mongolia, and the significance of its latest press release, which can be viewed at www.uranium308corp.com.
WallSt.net's 3-Minute Press Show features in-depth interviews with public company executives on their company and most recent press releases. The show is designed to provide viewers with insight into a company's most recent press release, and its impact on the company's growth.
About Uranium 308 Corp.
Uranium 308 Corp. is a mineral exploration and development company engaged in the acquisition, exploration and development of large scale low-cost, high-value properties internationally. Uranium 308 Corp.'s current primary focus is uranium exploration in Mongolia.
About WallStreet Direct, Inc.
WallStreet Direct, Inc. operates WallSt.net, a leading source of up-to-the-minute business news, comprehensive financial tools and original multimedia content for the investment community. www.WallSt.net
FORWARD LOOKING STATEMENTS This news release may include "forward-looking statements" regarding Uranium 308 Corp., and its subsidiaries, business and project plans. Such forward looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where Uranium 308 Corp. expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Uranium 308 Corp. does not undertake any obligation to update any forward looking statement, except as required under applicable law.
Contacts: Uranium 308 Corp. Investor Relations 1-866-892-5232 Website: www.uranium308corp.com
SOURCE: Uranium 308 Corp.
http://www.uranium308corp.com
Copyright 2008 Market Wire, All rights reserved.
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