Dear John: I was hoping you could help me with a question about the gross domestic product (GDP) and the components of the calculation. I understand the concept of GDP. But who gathers the data? I … ...

Put simply, gross domestic product (GDP) seeks to measure a country's economic output during a specific time period. Skip to ... An initial concept of GDP was invented at the end of the 18th century.

The United States Gross Domestic Product (GDP) print came out Thursday morning, revealing that the US economy grew by 1.6%, slowing behind projections of 2.5%. Wealth! Host Brad Smith provides an ...

A recession is "a contraction in economic activity," according to experts. During a recession, there is a range of decline spread across the economy.

A mild recession could cost the economy as little as a few hundred thousand jobs or up to 1.8 million jobs if the nation’s gross domestic product, or economic output, declines 1.2%, and the ...

Thomas Tunstall, research director for UTSA's Institute for Economic Development, makes a case for looking beyond GDP when thinking about economic well-being.