• 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.

McCarthy Says Biden Might Have a ‘Secret Plan’ on Debt Ceiling
Posted inNational News

McCarthy Says Biden Might Have a ‘Secret Plan’ on Debt Ceiling

Avatarby USNN2020May 16, 2023February 27, 2025
Default Can Be Avoided in July If Treasury Can Weather June Cash Crunch: CBO
Posted inFinance

Default Can Be Avoided in July If Treasury Can Weather June Cash Crunch: CBO

Avatarby USNN2020May 12, 2023March 14, 2025
Public Confidence in Fed Chair Jerome Powell Is at Record Low
Posted inNational News

Public Confidence in Fed Chair Jerome Powell Is at Record Low

Avatarby USNN2020May 9, 2023October 11, 2025
Tech Companies Announce Mass Layoffs Amid Economic Woes
Posted inBusiness

Tech Companies Announce Mass Layoffs Amid Economic Woes

Avatarby USNN2020May 8, 2023February 21, 2025
US Economy Adds 253,000 New Jobs in April, Unemployment Rate Ticks Lower
Posted inEconomy

US Economy Adds 253,000 New Jobs in April, Unemployment Rate Ticks Lower

Avatarby USNN2020May 5, 2023May 1, 2024
California, New York, Illinois Biggest Losers Amid Exodus to Low-Tax States
Posted inNational News

California, New York, Illinois Biggest Losers Amid Exodus to Low-Tax States: IRS

Avatarby USNN2020May 1, 2023February 21, 2025
US Economic Growth Slows Sharply in First Quarter As Interest Rates Rise
Posted inEconomy

US Economic Growth Slows Sharply in First Quarter As Interest Rates Rise

Avatarby USNN2020April 27, 2023December 5, 2024
IN-DEPTH: US Debt Default Fears Spark Rising Unease Among Investors
Posted inEconomy

IN-DEPTH: US Debt Default Fears Spark Rising Unease Among Investors

Avatarby USNN2020April 26, 2023February 21, 2025
Retirement Plans Derailed: Quarter of Americans Slash Savings Due to Inflation, Study Shows
Posted inEconomy

Retirement Plans Derailed: Quarter of Americans Slash Savings Due to Inflation, Study Shows

Avatarby USNN2020April 25, 2023October 20, 2024
Stagflation Is a ‘Real Risk’ Facing American Economy Now: Former Treasury Secretary
Posted inEconomy

Stagflation Is a ‘Real Risk’ Facing American Economy Now: Former Treasury Secretary

Avatarby USNN2020April 21, 2023February 27, 2025
US Unemployment Claims Tick Up to 245,000, but Still Low
Posted inEconomy

US Unemployment Claims Tick Up to 245,000, but Still Low

Avatarby USNN2020April 20, 2023April 20, 2023
Record Number of Americans Pessimistic About Economy as Recession Fears Grow
Posted inEconomy

Record Number of Americans Pessimistic About Economy as Recession Fears Grow: Poll

Avatarby USNN2020April 18, 2023February 12, 2024

Posts pagination

Newer posts 1 … 44 45 46 47 48 … 52 Older posts

NATIONAL NEWS

  • Rare Earth Startups Say Without Subsidies and Support, US Can’t Shake China’s ControlRare Earth Startups Say Without Subsidies and Support, US Can’t Shake China’s Control
    By John Haughey Without a federally supported market and strategic reserve stockpile, the United States will remain reliant on China for critical minerals and rare ...
  • DHS Warns of Enhanced Cyber, Terror Risk After US Strikes on IranDHS Warns of Enhanced Cyber, Terror Risk After US Strikes on Iran
    By Joseph Lord The Department of Homeland Security (DHS) is warning Americans of an enhanced threat environment for cyber attacks or violence within the United ...
  • Major US Cities on Alert After US Airstrikes on Iranian Nuclear FacilitiesMajor US Cities on Alert After US Airstrikes on Iranian Nuclear Facilities
    By Jack Phillips Three major U.S. cities indicated that they’re on heightened alert following U.S. military airstrikes targeting Iranian nuclear facilities on June 21. In an ...
  • DOL Suspends Enforcement of Biden-Era Farmworker RuleDOL Suspends Enforcement of Biden-Era Farmworker Rule
    By Aldgra Fredly The Department of Labor said on Friday that it was suspending a Biden-era regulation aimed at providing workplace organizing protections to foreign ...
  • FCC Reviews ‘Internet of Things’ Accrediting Program Over China Security ConcernsFCC Reviews ‘Internet of Things’ Accrediting Program Over China Security Concerns
    By Lily Zhou The Federal Communications Commission (FCC) is reviewing a cybersecurity program over security concerns related to China, FCC Chairman Brendan Carr confirmed on ...
  • Trump Says Trade Deals Expected With India and PakistanTrump Says Trade Deals Expected With India and Pakistan
    By Tom Ozimek President Donald Trump said on June 20 that he expects the United States will sign trade deals with both India and Pakistan, ...
  • Senate Republicans Introduce Bill to Protect US Military Sites From Foreign AdversariesSenate Republicans Introduce Bill to Protect US Military Sites From Foreign Adversaries
    By Katabella Roberts Senate Republicans have introduced a bill aimed at protecting sensitive military sites across the United States from foreign adversaries such as China, ...
  • SpaceX Says No One Injured After Starship Explosion in TexasSpaceX Says No One Injured After Starship Explosion in Texas
    By Katabella Roberts A SpaceX Starship rocket exploded into a fireball during testing at a Starbase facility in southern Texas on Wednesday while on a ...
  • Karen Read’s 2nd Trial Ends With Not Guilty Verdict on Murder ChargeKaren Read’s 2nd Trial Ends With Not Guilty Verdict on Murder Charge
    By Bill Pan A Massachusetts jury on Wednesday found Karen Read not guilty in the death of her boyfriend, Boston police officer John O’Keefe, almost ...
  • General Mills Announces Removal of Synthetic Food Dyes, Starting With CerealsGeneral Mills Announces Removal of Synthetic Food Dyes, Starting With Cereals
    By Naveen Athrappully General Mills, which owns a wide range of snack and baked products in the United States, announced plans to remove food colors ...
  • Senate Passes Crypto Bill ‘Genius Act’ in Bipartisan VoteSenate Passes Crypto Bill ‘Genius Act’ in Bipartisan Vote
    By Andrew Moran and Nathan Worcester The Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, commonly known as the Genius Act, ...
  • Former New York Assembly Candidate Charged With Campaign Finance FraudFormer New York Assembly Candidate Charged With Campaign Finance Fraud
    By Frank Fang A Chinese national allegedly stole around $162,000 in taxpayer money to fund his 2024 campaign for New York state Assembly by defrauding ...
  • <<
  • 1
  • ...
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • ...
  • 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