The author and editors take ultimate responsibility for the content. Gross Domestic Product, or GDP, is a measurement of economic output. It’s the total value of all the finished goods and ...

Economics is no different. Economists use many acronyms. One of the most common is GDP, which stands for gross domestic product. It is often cited in newspapers, on the television news, and in reports ...

White House economic adviser Kevin Hassett told Fox News on Wednesday that he expected U.S. gross domestic product growth to ...

Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output ...

During economic downturns an economy’s output of goods and services declines. When times are good, by contrast, that output—usually measured as GDP—increases (see “Gross Domestic Product: An Economy’s ...

Measured as a percentage of gross domestic product (GDP) at current prices ... sectors and the total economy is available published in december 2019. For basic information on the methods of ...

Gross domestic product, or GDP, is a measure of a ... real (inflation-adjusted), or PPP (purchasing power parity) terms. At a basic interpretation, per-capita GDP shows how much economic ...