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Economic Indicators– Gross Domestic Product (GDP)

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Before starting this self study program, please go through the instructional document.


  • What is gross domestic product?
    2 mins
  • The product approach
    13 mins
  • Statistical discrepancy
    20 mins
  • Economic growth
    33 mins
  • Other economic measures
    48 mins

Course Description

During uncertain times, it is critical to gain an understanding of what is most likely to happen to the economy. This is an essential part of the business planning process.

Economic indicators are those often-voluminous statistics released by government agencies, non-profit organizations, and even private companies.

They provide measurements for evaluating the health of our economy, including the latest business cycles, consumer spending, inflation, housing, and so on. Various economic indicators are released quarterly, monthly, weekly, and even daily.

Attendees of this CPE course will learn the essentials of the most closely watched economic indicator, Gross Domestic Product (GDP).

The objective of this CPE course is to provide a toolbox of skills, with a practical refresher on what this indicator measures and why it is so important.     

Following major topics are discussed in this CPE webinar:

  • The overview of national income accounting
  • How do government statistical agencies use national income accounting to compile and report estimates to the public?
  • How GDP can be compared over time and across countries and whether it is a good measure of living standards?
  • How GDP can be compared over time and across countries and whether it is a good measure of living standards?

Learning Objectives

  • To identify the types of economic indicators that exist and recognize the unique characteristics of each type.
  • To recognize the characteristics and economic impact of key economic indicators, including those related to unemployment, consumer sentiment and confidence, inflation, productivity, housing, manufacturing, and international trade.
  • To discuss the components of gross domestic product (GDP) and recognize how economic indicators impact these components.
  • To analyze how changes in economic indicators and the actions of the Federal Reserve impact financial market activity.

Who Should Attend?

  • Certified Management Accountant
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Entrepreneurial CPA
  • Young CPA