• 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

  • Judge Blocks COVID-19 Vaccine Mandate for Entire NavyJudge Blocks COVID-19 Vaccine Mandate for Entire Navy
    By Zachary Stieber The U.S. military’s COVID-19 vaccine mandate has been blocked for all Navy members seeking religious exemptions. A preliminary injunction that previously covered 35 Navy SEALs now covers some 4,000 others. U.S. ...
  • ‘100 Percent’ Vaccinated Cruise Ship Hit With COVID-19 Outbreak‘100 Percent’ Vaccinated Cruise Ship Hit With COVID-19 Outbreak
    By Jack Phillips Princess Cruises confirmed that one of its cruise liners, the Ruby Princess, reported a COVID-19 outbreak before docking in San Francisco. The cruise operator requires ...
  • CIA Officer Who Signed Hunter Biden Laptop Letter Claims Credit for Trump LossCIA Officer Who Signed Hunter Biden Laptop Letter Claims Credit for Trump Loss
    By Zachary Stieber One of the former CIA officers who signed a letter claiming stories about a laptop allegedly belonging to Hunter Biden were disinformation says he ...
  • Alabama Wine Shop Owner Files Lawsuit Against State After Losing Business During COVID LockdownsAlabama Wine Shop Owner Files Lawsuit Against State After Losing Business During COVID Lockdowns
    By Matt McGregor A former business owner in Alabama filed a lawsuit on March 19 against Republican Gov. Kay Ivey and state Health Director Scott Harris, alleging that the COVID-19 ...
  • Milwaukee Officials Sued in Zuckerberg-Related Election Bribery CaseMilwaukee Officials Sued in Zuckerberg-Related Election Bribery Case
    By Matthew Vadum Milwaukee’s acting mayor, former mayor, and city clerk have been accused of being involved in an election bribery scheme for accepting election-assistance ...
  • CDC, Other Health Agencies Won’t Provide Employee Vaccination Data From 2022CDC, Other Health Agencies Won’t Provide Employee Vaccination Data From 2022
    By Zachary Stieber The U.S. Centers for Disease Control and Prevention (CDC) and three other top federal health agencies are refusing to provide employee COVID-19 vaccination ...
  • ‘Chaos in the Sky’: Commercial Airline Pilots File Their First Lawsuit Over Transportation Mask Mandate‘Chaos in the Sky’: Commercial Airline Pilots File Their First Lawsuit Over Transportation Mask Mandate
    By Patricia Tolson Hours after the U.S. Senate voted to repeal the federal transportation mask mandate—which the White House quickly threatened to veto—a group of ...
  • Florida Health Department: CDC Altered State’s COVID-19 Death DataFlorida Health Department: CDC Altered State’s COVID-19 Death Data
    By Jack Phillips The Florida Department of Health (DOH) alleged Friday that the Centers for Disease Control (CDC) erroneously changed the state’s COVID-19 data without contacting the agency and didn’t ...
  • US Army Discharges More Soldiers for Refusing COVID-19 VaccineUS Army Discharges More Soldiers for Refusing COVID-19 Vaccine
    By Jack Phillips The Army has now discharged 27 soldiers for refusing an order to receive the COVID-19 vaccine, the service said on Thursday, confirming that another 24 soldiers ...
  • Supreme Court Nominee Won’t Say Whether Cruz Can Change Gender or RaceSupreme Court Nominee Won’t Say Whether Cruz Can Change Gender or Race
    By Zachary Stieber A day after declining to define the word woman, Supreme Court nominee Judge Ketanji Brown Jackson wouldn’t say whether Sen. Ted Cruz (R-Texas) could have standing to ...
  • Trump Sues Hillary Clinton, Christopher Steele Over Russian Collusion AllegationsTrump Sues Hillary Clinton, Christopher Steele Over Russian Collusion Allegations
    By Zachary Stieber Former President Donald Trump on March 24 sued former Democrat presidential candidate Hillary Clinton and the man who compiled the infamous Steele dossier on him while ...
  • Farmers Paying Triple for Fertilizer: We’re Not the Ones Raising Food CostsFarmers Paying Triple for Fertilizer: We’re Not the Ones Raising Food Costs
    By Beth Brelje Beep, beep, beep. It’s the familiar sound of food scanned and placed into bags at your local grocery store. You just went ...
  • <<
  • 1
  • ...
  • 287
  • 288
  • 289
  • 290
  • 291
  • 292
  • 293
  • 294
  • 295
  • 296
  • 297
  • ...
  • 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