The gross domestic product (GDP) of a nation is an estimate of the total value of all the goods and services it produces during a specific period, usually a quarter or a year. Its greatest use is as a ...

Real gross domestic product is often a more accurate reflection of the output of an economy than nominal GDP. By eliminating ...

Toby Walters is a financial writer, investor, and lifelong learner. He has a passion for analyzing economic and financial data and sharing it with others. Vikki Velasquez is a researcher and writer ...

This is an instructive story about the metrology of macroeconomic measurements. From the point of view of hard sciences, the economics profession does a great counterproductive work in order to hide ...

The Consumer Price Index for All Urban Consumers is a valuable tool for understanding how inflation affects the value of a dollar. Every month, the U.S. Bureau of Labor Statistics publishes a new CPI ...

Poonkulali Thangavelu has worked 10+ years as a writer and editor covering investment, personal finance, and mortgage-related topics. Suzanne is a content marketer, writer, and fact-checker. She holds ...