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.

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 … ...

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 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 ...

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

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