Gross domestic product plays an outsize role in how we think of what the American economy creates. It’s what the U.S. Bureau of Economic Analysis refers to as its “featured measure of production.” ...

There may be an explanation for why the U.S. economy has been remarkably resilient, growing briskly despite high inflation and interest rates. Maybe it isn’t so resilient after all. This week, the ...

Consumption is an always effect of what actually matters: production. It’s a reminder that while “supply siders” are increasingly ridiculous, “supply-side economics” is a statement of the obvious: the ...

In the middle of the eighteenth century, the physician-turned-economist François Quesnay devised a quantitative model of the economy, among the first of its kind and a precursor to present-day GDP.

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 ...

Fresh government data showed the US economy grew at a much stronger pace than initially estimated – news that dented hopes the Federal Reserve’s will cut rates aggressively in the months ahead. Gross ...

A sharp GDP contraction in the second quarter was driven by plunging exports, but resilient consumer spending and housing complicate the picture — and economists are split on what it means for the ...

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Companies want to keep their biggest customers happy, so they often provide accommodations to do so. And, as it turns out, the government — if it doesn’t already do so — probably wishes it did because ...

The top ten largest economies in the world contribute significantly to global GDP and have a strong influence on international trade and economic policies. In this article we are going to cover the 10 ...