What is GDP? The simplest explanation of gross domestic product is that it represents the total value of a country's (or region's) economic output.

When the GDP has two consecutive quarters of negative growth, by popular definition, that is a recession. However, the National Bureau of Economic Research doesn’t strictly follow this ...

By taking apart the definition, we can understand what counts and what doesn’t in GDP. Market value “Market value” involves putting a dollar value on the goods and services produced.

GDP definition GDP stands for gross domestic product, or the total value of the goods and services produced in a country over a specified period. It is used as an indicator of the size and health of a ...

GDP also guides investment decisions … Continue reading ->The post GDP: Definition, Examples and Economic Usage appeared first on SmartAsset Blog.

The conventional media definition of a recession is two or more successive quarters with GDP contraction. A single uptick in GDP, therefore, signals recovery according to this way of thinking.

As we wait for the second-quarter GDP numbers to come out at the end of this week, the White House is already playing cleanup by letting the public know that the definition of "recession" is fluid ...

Along with today's release of the preliminary estimate of second quarter GDP, we have a new definition of GDP involving the recognition of R&D as investment.

Discover how Gross National Income (GNI) measures national wealth, its calculation, and real-world examples. Learn how GNI compares to GDP and GNP in this comprehensive guide.

A steady-state economy is an economy structured to allow economic growth to be in balance with environmental integrity.