GDP Real and Otherwise

[John K. Taber]

Yesterday's NYT reports that GDP rose 1.1%, a revision
to the previous figure of 2.2%. The report goes on to
say it is the lowest GDP growth since 1995.

In the same edition, in the World Business section, the
NYT reports that Canada's just released figure for GDP is
2.6%. But it also warns that Canada's real GDP growth
is 0.6%.

There is no mention of the US's "real" GDP, so what am
I supposed to think? That our GDP is nominal, unadjusted
for inflation? If so, doesn't that make our real GDP
negative -- in other words, a recession?

Am I right in guessing that the NYT omitted a necessary
caveat in reporting our GDP?

--
John K. Taber