Current Debt to GDP Could be Our Fall -Luke Gromen

People are interested in learning if an economy's overall output of goods and services is expanding or contracting.
However, since GDP is measured at nominal, or current, values, it is impossible to compare two time periods without accounting for inflation.
The nominal value of GDP must be modified to account for price changes in order to obtain the "real" GDP. This will allow us to assess whether the value of output has grown due to greater production or merely higher pricing.

Watch this clip from Luke Gromen: Ballooning Deficit Caused By Higher US Debt Costs Likely To Force The Fed To Pivot.

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