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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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Wednesday, July 23, 2008
Joshua Rosenthal to Appear on Martha Stewart Living Radio
Comtex
NEW YORK, July 23, 2008 /PRNewswire via COMTEX/ ----Joshua Rosenthal, founder and primary teacher of the Institute for Integrative Nutrition, will appear on the Living Today show on Martha Stewart Living Radio on Wednesday, July 23 at 4pm ET. In a live interview with host Mario Bosquez, Rosenthal will address the confusion people experience in deciding what to eat and also discuss the challenges and opportunities that exist in America's current healthcare system.
Listeners can tune into Sirius Satellite Radio station 112 for tips on how to cater their diet to their individual needs, not based on any one theory or diet style. They will learn to understand their cravings and why they crave certain foods. And they will discover other ways to nourish their life beyond the foods they eat.
Rosenthal has more than 25 years experience in the fields of whole foods, personal coaching, curriculum development, business and nutritional counseling. He is author of books such as The Energy Balance Diet, Integrative Nutrition: The Future of Nutrition and the latest, Integrative Nutrition: Feed Your Hunger for Health and Happiness.
The Institute for Integrative Nutrition is the largest nutrition school in the world, offering access to the world's foremost authorities on health and nutrition, and a comprehensive education that helps students launch a career as a health counselor. With more than 6,000 graduates worldwide, Integrative Nutrition is the leading school for holistic nutrition training.
ABOUT THE INSTITUTE FOR INTEGRATIVE NUTRITION
For 15 years, The Institute for Integrative Nutrition has been at the forefront of nutrition education, offering comprehensive, cutting-edge training in health counseling. Founded by Joshua Rosenthal, the Institute for Integrative Nutrition is the only nutrition school integrating the vast variety of dietary theories, while combining the knowledge of traditional philosophies with modern concepts, such as the USDA food pyramid, the glycemic index, the Zone and raw, organic foods.
For more information, visit www.integrativenutrition.com. To schedule an interview with Joshua Rosenthal, please contact Michele DeLia at 646-633-4075 or e-mail michele@integrativenutrition.com.
SOURCE The Institute for Integrative Nutrition
http://www.integrativenutrition.com
Copyright (C) 2008 PR Newswire. All rights reserved
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