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.” ...

There may be an explanation for why the U.S. economy has been remarkably resilient, growing briskly despite high inflation and interest rates. Maybe it isn’t so resilient after all. This week, the ...

Economic contractions, troughs, expansions and peaks are unpredictable phases of economic activity referred to as economic business cycles. The gross domestic product, or GDP, is the total market ...

The gross domestic product (GDP) is a vital measure of a nation's overall economic activity. It's important to understand the GDP's effect on an economy. A rising GDP is a sign of a growing national ...

In February, the personal consumption expenditure (PCE) price index came in lower than expected, with consumer spending rising by 5.0% compared to a year ago, down from 5.3% in January. This month’s ...

In the middle of the eighteenth century, the physician-turned-economist François Quesnay devised a quantitative model of the economy, among the first of its kind and a precursor to present-day GDP.

Throughout the tumult of the elections last year political commentators were perplexed by a stubborn fact. The economy was performing splendidly, at least according to the standard measurements.