• 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

  • Army Presents Congress With Plan to Reorganize Fighting Forces, Adapt to Changing BattlesArmy Presents Congress With Plan to Reorganize Fighting Forces, Adapt to Changing Battles
    By Ryan Morgan U.S. Army leaders fielded questions from lawmakers on May 7 over their latest plan to prepare the fighting force and streamline their ...
  • FAA to Address Newark Airport Turmoil With Tech Upgrades, Staffing PushFAA to Address Newark Airport Turmoil With Tech Upgrades, Staffing Push
    By Bill Pan The Federal Aviation Administration (FAA) said Wednesday it is taking immediate steps to address problems that have escalated flight delays and cancellations ...
  • Bessent, Greer to Meet Chinese Officials in SwitzerlandBessent, Greer to Meet Chinese Officials in Switzerland
    By T.J. Muscaro Treasury Secretary Scott Bessent and U.S. Trade Representative (USTR) Jamieson Greer will meet with their Chinese counterparts this week. The news was confirmed ...
  • Trump Says ‘Never Say Never’ as Carney Tells Him Canada Not for SaleTrump Says ‘Never Say Never’ as Carney Tells Him Canada Not for Sale
    By Noe Chartier and Matthew Horwood At his first meeting with newly elected Canadian Prime Minister Mark Carney, U.S. President Donald Trump said his country ...
  • Columbia University Lays Off Nearly 180 Staff After Federal Grant RevocationsColumbia University Lays Off Nearly 180 Staff After Federal Grant Revocations
    By Rudy Blalock Columbia University announced on Tuesday that it will lay off nearly 180 staff members after the Trump administration revoked more than $400 ...
  • Trump Announces National Holidays for World War I and II VictoriesTrump Announces National Holidays for World War I and II Victories
    By Rudy Blalock President Donald Trump has expanded on his plans to alter the days honoring America’s participation in last century’s world wars by declaring ...
  • United Airlines Cancels 10 Percent of Daily Flights From Newark Amid FAA Staffing and Equipment FailuresUnited Airlines Cancels 10 Percent of Daily Flights From Newark Amid FAA Staffing and Equipment Failures
    By Rudy Blalock United Airlines cut 35 flights a day—10 percent of daily flights—from its Newark Liberty International Airport hub in New Jersey starting May ...
  • Trump Pledges to Donate Entire Salary Back to Government, AgainTrump Pledges to Donate Entire Salary Back to Government, Again
    By Joseph Lord President Donald Trump on May 4 said that he would again be donating his entire presidential salary back to the federal government, ...
  • Trump Rules Out 3rd Term, Names Rubio and Vance as Best 2028 ContendersTrump Rules Out 3rd Term, Names Rubio and Vance as Best 2028 Contenders
    By Rachel Acenas President Donald Trump has shut down speculation about serving a third term and named Vice President JD Vance and Secretary of State ...
  • US Appeals Court Halts Order Allowing Voice of America Employees Back to WorkUS Appeals Court Halts Order Allowing Voice of America Employees Back to Work
    By Jack Phillips A U.S. appeals court on Saturday blocked a lower court ruling that ordered the Trump administration to return 1,000 Voice of America ...
  • US Creates New Military Zone Along Southern BorderUS Creates New Military Zone Along Southern Border
    By T.J. Muscaro The United States on Thursday announced the creation of a second military zone along its southern border with Mexico, further expanding the ...
  • Trump’s 25 Percent Auto Part Tariff Goes Into EffectTrump’s 25 Percent Auto Part Tariff Goes Into Effect
    By Tom Ozimek A 25 percent tariff on imported automobile parts took effect on May 3, marking a significant step in President Donald Trump’s effort ...
  • <<
  • 1
  • ...
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • ...
  • 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