• About Us
    • Advertise With Us
    • Contact Us
    • News Archives – View All Posts
    • Privacy Policy
    • Terms of Use
    • Real News, Real Time, Real Struggle: How I Built a Global News Platform Against All Odds
  • White House
    • The Articles of Confederation
    • The Bill of Rights
    • The Declaration of Independence
    • United States Constitution
    • Office of the Historian
    • POTUS
  • Executive
    • The Cabinet
    • Department of Agriculture
    • Department of Commerce
    • Department of Defense
    • Department of Education
    • Department of Energy
    • Department of Health and Human Services
    • Department of Homeland Security
    • Department of Housing and Urban Development
    • Department of the Interior
      • National Park Service
        • Mount Rushmore National Memorial
        • Yellowstone National Park
          • The Mammals of Yellowstone
    • Department of Justice
    • Department of Labor
    • Department of State
    • Department of the Treasury
    • Department of Transportation
    • Department of Veterans Affairs
  • Judicial
    • Federal Courts & the Public
    • Supreme Court
    • SCOTUS
    • US Court Website Links
  • Legislative
    • United States House of Representatives
    • United States Senate
    • Congress
  • Dear Mary
  • Login
  • Support Our Publication
  • Twitter
Skip to content
  • Twitter
USNN World News

USNN World News

Real News, Real Time

  • About Us
    • Advertise With Us
    • Contact Us
    • News Archives – View All Posts
    • Privacy Policy
    • Terms of Use
    • Real News, Real Time, Real Struggle: How I Built a Global News Platform Against All Odds
  • White House
    • The Articles of Confederation
    • The Bill of Rights
    • The Declaration of Independence
    • United States Constitution
    • Office of the Historian
    • POTUS
  • Executive
    • The Cabinet
    • Department of Agriculture
    • Department of Commerce
    • Department of Defense
    • Department of Education
    • Department of Energy
    • Department of Health and Human Services
    • Department of Homeland Security
    • Department of Housing and Urban Development
    • Department of the Interior
      • National Park Service
        • Mount Rushmore National Memorial
        • Yellowstone National Park
          • The Mammals of Yellowstone
    • Department of Justice
    • Department of Labor
    • Department of State
    • Department of the Treasury
    • Department of Transportation
    • Department of Veterans Affairs
  • Judicial
    • Federal Courts & the Public
    • Supreme Court
    • SCOTUS
    • US Court Website Links
  • Legislative
    • United States House of Representatives
    • United States Senate
    • Congress
  • Dear Mary
  • Login
  • Support Our Publication
  • Highlights
  • Economy
  • Healthcare
  • Immigration
  • National Security & Defense
  • Department of Justice
  • Supreme Court
  • Congress
  • Opinion
  • National News
  • World

Tag: Gross Domestic Product (GDP)

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the per capita GDP and the same is called Mean Standard of Living.

GDP definitions are maintained by a number of national and international economic organizations. The Organization for Economic Co-operation and Development (OECD) defines GDP as “an aggregate measure of production equal to the sum of the gross values added of all resident and institutional units engaged in production and services (plus any taxes, and minus any subsidies, on products not included in the value of their outputs)”. An IMF publication states that, “GDP measures the monetary value of final goods and services—that are bought by the final user—produced in a country in a given period of time (say a quarter or a year).”

GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the “world’s most powerful statistical indicator of national development and progress”. However, critics of the growth imperative often argue that GDP measures were never intended to measure progress, and leave out key other externalities, such as resource extraction, environmental impact and unpaid domestic work. Critics frequently propose alternative economic models such as doughnut economics which use other measures of success or alternative indicators such as the OECD’s Better Life Index as better approaches to measuring the effect of the economy on human development and well being.

Biden Official a No-Show for Hearing on $200 Billion in Pandemic Relief Fraud
Posted inNational News

Biden Official a No-Show for Hearing on $200 Billion in Pandemic Relief Fraud

Avatarby USNN2020July 13, 2023February 21, 2025
Treasury Secretary Says US Recession ‘Not Completely Off the Table’
Posted inEconomy

Treasury Secretary Says US Recession ‘Not Completely Off the Table’

Avatarby USNN2020July 10, 2023December 29, 2024
Cost of Many Basic Grocery Items Has Increased 3 to 4 Times Inflation Rate
Posted inEconomy

Cost of Many Basic Grocery Items Has Increased 3 to 4 Times Inflation Rate: StatCan

Avatarby USNN2020July 6, 2023July 12, 2024
US Factory Order Data Flash Red Alert for Economy
Posted inEconomy

US Factory Order Data Flash Red Alert for Economy

Avatarby USNN2020July 5, 2023December 29, 2024
Oil Rises as Market Weighs Supply Cuts Against Gloomy Economic Outlook
Posted inEconomy

Oil Rises as Market Weighs Supply Cuts Against Gloomy Economic Outlook

Avatarby USNN2020July 4, 2023July 4, 2023
UPS Reaches Tentative Deal With Teamsters, Lowering Risk of Union Strike
Posted inBusiness

UPS Reaches Tentative Deal With Teamsters, Lowering Risk of Union Strike

Avatarby USNN2020July 3, 2023February 27, 2025
US Manufacturing Falls Deeper Into Recession as Economy Faces ‘Clear Challenges’
Posted inEconomy

US Manufacturing Falls Deeper Into Recession as Economy Faces ‘Clear Challenges’

Avatarby USNN2020July 3, 2023February 27, 2025
Consumer Spending Grows by Just 0.1 Percent in May, Inflation Remains High
Posted inEconomy

Consumer Spending Grows by Just 0.1 Percent in May, Inflation Remains High

Avatarby USNN2020July 1, 2023December 24, 2023
A Comparative Analysis of the United States Economy under Democrat and Republican Governance: A Focus on GDP, National Debt, and Inflation
Posted inOpinion

A Comparative Analysis of the United States Economy under Democrat and Republican Governance: A Focus on GDP, National Debt, and Inflation

Avatarby USNN2020June 28, 2023June 28, 2023
California’s Gas Is No Longer the Most Expensive in the US, Washington’s Now Pricier
Posted inEconomy

California’s Gas Is No Longer the Most Expensive in the US, Washington’s Now Pricier

Avatarby USNN2020June 25, 2023December 29, 2024
Financial Hardship Surges as Cost-of-Living Crisis Squeezes Workers
Posted inEconomy

Financial Hardship Surges as Cost-of-Living Crisis Squeezes Workers

Avatarby USNN2020June 20, 2023February 21, 2025
US Reinforces Status as a ‘Pacific Power’ After Interception by Chinese Warships
Posted inWorld

US Reinforces Status as a ‘Pacific Power’ After Interception by Chinese Warships

Avatarby USNN2020June 15, 2023February 24, 2025

Posts pagination

Newer posts 1 … 42 43 44 45 46 … 52 Older posts

NATIONAL NEWS

  • Washington Post Corrects Story Claiming Crowd Was Chanting ‘Let’s Go Brandon’Washington Post Corrects Story Claiming Crowd Was Chanting ‘Let’s Go Brandon’
    By Zachary Stieber The Washington Post has corrected a story that falsely stated a crowd at a recent speech was chanting “Let’s Go Brandon.” The crowd was actually ...
  • DeSantis offers police $5,000 bonus to relocate to Florida amid vaccine mandatesDeSantis offers police $5,000 bonus to relocate to Florida amid vaccine mandates
    By Elizabeth Faddis, Breaking News Reporter Republican Gov. Ron DeSantis of Florida touted a new effort from the state to recruit law enforcement officers amid job losses over ...
  • Protesters nearly storm arena and demand unvaccinated Kyrie Irving playProtesters nearly storm arena and demand unvaccinated Kyrie Irving play
    By Christopher Hutton, Breaking News Reporter A group of protesters gathered in Brooklyn to protest the Brooklyn Nets’s decision to sideline a player over his vaccination ...
  • Obama To Virginia Voters: Don’t Pay Attention To ‘Trumped Up Culture Wars,’ It’s All ‘Fake Outrage’Obama To Virginia Voters: Don’t Pay Attention To ‘Trumped Up Culture Wars,’ It’s All ‘Fake Outrage’
    By The Daily Wire News Former President Barack Obama pleaded with Virginian voters not to pay attention to culture wars as election day nears between ...
  • DHS Building $455K+ Security Fence Around Biden’s Beach Home After Halting Border Wall Construction: ReportDHS Building $455K+ Security Fence Around Biden’s Beach Home After Halting Border Wall Construction: Report
    By Ryan Saavedra The Department of Homeland Security (DHS) is building a nearly half a million dollar security fence around Democrat President Joe Biden’s beach ...
  • Greg Abbott appoints former Trump attorney as secretary of stateGreg Abbott appoints former Trump attorney as secretary of state
    By Christopher Hutton, Breaking News Reporter Texas Gov. Greg Abbott appointed an attorney who helped former President Donald Trump try to overturn Pennsylvania’s 2020 election results as ...
  • Loudoun County can’t stop lyingLoudoun County can't stop lying
    By Kaylee McGhee White, Commentary Writer For the past couple of weeks, Loudoun County, Virginia, has denied that school board members knew about the rape ...
  • Manchin and Sinema should kill Biden’s spending blowout — and maybe switch partiesManchin and Sinema should kill Biden’s spending blowout — and maybe switch parties
    By Quin Hillyer, Commentary Writer Democratic Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona should call the bluff of the hard left-wingers in their ...
  • Blacklisted Chinese tech giant Huawei paid Democratic power broker Tony Podesta $500K to lobby BidenBlacklisted Chinese tech giant Huawei paid Democratic power broker Tony Podesta $500K to lobby Biden
    By Nihal Krishan, Technology Reporter Huawei, the Chinese telecommunications company that is on the U.S. government’s trade blacklist, paid longtime veteran Democratic lobbyist and donor ...
  • TRUTH Social: Trump announces social media alternative to Big Tech ‘tyranny’TRUTH Social: Trump announces social media alternative to Big Tech 'tyranny'
    By Daniel Chaitin, Deputy News Editor Former President Donald Trump is creating a media company and social media network meant to “stand up to the tyranny of Big ...
  • Rahm Emanuel becomes the Left’s latest White House targetRahm Emanuel becomes the Left's latest White House target
    By Naomi Lim President Joe Biden is at loggerheads with far-left Democrats again, this time over his nomination of Rahm Emanuel to become the next U.S. ambassador ...
  • Byron York’s Daily Memo: DOJ memory holes Andrew McCabe wrongdoingByron York's Daily Memo: DOJ memory holes Andrew McCabe wrongdoing
    By Byron York DOJ MEMORY HOLES ANDREW MCCABE WRONGDOING. Andrew McCabe was the number-two man at the FBI during the years disgraced former Director James Comey ...
  • <<
  • 1
  • ...
  • 313
  • 314
  • 315
  • 316
  • 317
  • 318
  • 319
  • 320
  • 321
  • 322
  • 323
  • ...
  • 541
  • >>
USNN World News
  • Twitter
  • About Us
  • Advertise With Us
  • Contact Us
  • Dear Mary
  • Invest in the Future of Digital Journalism
  • News Archives – View All Posts
  • Privacy Policy
  • Terms of Use
  • Support Our Publication
  • Arizona
  • California
  • Florida
  • Georgia
  • Michigan
  • Nevada
  • New Hampshire
  • New York
  • Oregon
  • Pennsylvania
  • Texas
  • Washington DC
  • Wisconsin
  • White House
  • Office of the Historian
  • The Articles of Confederation
  • The Bill of Rights
  • The Declaration of Independence
  • United States Constitution
  • United States House of Representatives
  • United States Senate
  • US National Debt Clock
  • Congress
  • Department of Government Efficiency (DOGE)
  • Department of Justice
  • Economy
  • Entertainment
  • Executive Branch
  • Immigration
  • Judicial Branch
  • Judicial Watch
  • Legislative Branch
  • Life, Nature and Tradition
  • National News
  • National Security & Defense
  • News Archives
  • Opinion
  • Sports
  • The Wall
  • United States
  • Weather
  • World
© 2025 USNN World News Corporation Powered by USNN World News Privacy Policy