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What is GDP? Types and how it is calculated

As you all know, Gross Domestic Product (GDP) is an important economic term that is used to represent the final value of goods and services produced within a country’s borders in a specific period of ...
Marketplace

How calculating GDP is like making a gravy

The Federal Reserve Bank of San Francisco says our rough winter weather skewed the data on gross domestic product (GDP) growth for the first quarter. GDP grew at just two-tenths of a percent at the ...
Des Moines Register

How consumers drive the nation's GDP

Gross domestic product (GDP) is a measurement of the total value of all goods and services produced in the United States over a given time period. It is used by economists, government officials, ...
Marketplace

U.S. economy to ‘grow’ 3% under new GDP calculation

In July of 2013, the U.S. gross domestic product will officially grow three percent, due to a few additions to the statistics that economists have been using to calculate GDP for years. From now on, ...