Macroeconomic Data

The total value of goods and services produced in an economy

Misses production from the underground economy, only counts final goods and services, includes inventories

Compensation of employees, other income, corporate profits, net factor income, depreciation

Y=C+I+G+NX

Using same year prices

Using base year prices

Nominal GDP/Real GDP

Annualize a quarterly rate Compute gquarterly = Yq−Yq−1/Yq−1
Compute gannual = 100 × [(1 + gquarterly)4 − 1]
Still a quarterly time series, but expressed in annualized growth rate: quarter-on-quarter (seasonally adjusted) annual rate

Compute gannual = 100 × [ Yq −Yq−4 ]
Yq−4
Still a quarterly time series, but expressed in annualized
growth rate: year-on-year (seasonally adjusted) annual rate

100 x Nominal GDP/Real GDP

100 x Nominal PCE for year y/Real PCE for year y

Have a meaning at a give point in time

Has a meaning within a period