There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final transactions, so all the goods or services bought and ...

The role of imports in GDP—Gross Domestic Product—confuses many people. The current political discussion about tariffs has triggered some of the misunderstanding. This article aims to help business ...

GDP is an estimate of the value of the goods and services produced in the United States. It is not a comprehensive measure of well-being, nor is it the only critical indicator of the economy. Because ...