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.” ...

Q: What is the difference between GDP and GNP? A: GDP is the market value of everything produced within a country; GNP is the value of what’s produced by a country’s residents, no matter where they ...

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 ...