Economics Explained

Macroeconomics

GDP, inflation, unemployment and growth.

Macro

How Inflation Is Measured: CPI, PPI and the GDP Deflator

Inflation is measured with price indexes that track different baskets. Compare CPI, PPI, the GDP deflator and PCE, and learn how the rate is calculated.

5 min read
Macro

What GDP Measures and What It Misses

GDP counts final market output within a country. Learn the three measurement approaches, nominal versus real GDP, per-capita figures and blind spots.

5 min read