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These indicators are GDP, the inflation rate, the unemployment rate, discount mortgage interest rates, housing starts and retail sales. Included will be a brief definition of each and its current status.
Real GDP
Real GDP, or gross domestic product, is an inflation-adjusted measure that reflects the value of all goods and services produced in a given year. Unlike nominal GDP, real GDP can account for changes in the price level and often provides a more accurate figure (Investopedia, A Forbes Media company, 2007).
According to a report released in December, 2006 Wells Fargo economists are optimistic about the 2007 economic growth...
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