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Contract Details

Annual US Nominal GDP growth to be LESS than 2.5%

Annual US Nominal GDP growth to be LESS than 2.5%

NGDP.Q4.15.VLOW
Contract Info 
  • Symbol: NGDP.Q4.15.VLOW
  • Last Trade Price: $0.0431
  • Last Trade Time:
    2 Jan 5:44pm
  • Today’s Volume: 0
  • Average Daily Volume: 0.2
  • Today’s Change:
    NC (0.00%) 
  • Start Date: 4 May 15
  • Close Date: 1 Feb 16
  • Status: Active

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Long Description

This contract will close at $1 if the United States annual nominal GDP is reported by the United States Bureau of Economic Analysis (BEA) as having grown less than 2.5% between Q4 2014, and Q4 2015, in the first report released after the fourth quarter of 2015. Otherwise, it will close at $0.

Judging Criteria 

The purpose of this contract is to forecast the likelihood that the annual US nominal GDP growth is within the interval specified. Data for this contract will be taken from the BEA's report, scheduled to be released in late January 2016.

For example, if nominal GDP rose from $18.00 trillion to $18.36 trillion, then the growth rate would be 2.0%, which means the less than 2.5% contract would pay off $1.

This contract will close following the announcement by the BEA of the 2015 fourth quarter GDP.

This contract will be determined solely on the basis of the preliminary nominal GDP announcement in late January 2016, NOT the later revisions.

This contract will be judged based on the change in nominal GDP (not real.) The nominal GDP data is currently reported in the BEA's table 1.1.5., and is seasonally adjusted.

Image sourced from the U.S. Department of Commerce.

iPredict's judgment is final.

This contract will be closed no later than 3 working days after the Close Date. The Close Date may be extended if the event outcome cannot be determined by that date.