Understand the income approach to GDP, where total expenditures equal the income from goods and services in an economy.

Growth accounting is a quantitative tool used to break down how specific factors contribute to economic growth.

Real GDP measures the inflation-adjusted value of all goods and services produced in an economy. Its growth comes from three sources (the Solow growth accounting identity): More labor (hours worked or ...

A simple reason explains why U.S. economic growth seemed to hit a wall in the final three months of the year.

Should a country’s gross domestic product include government spending? No, argued Simon Kuznets, the Nobel economics laureate who helped create the measure now known as GDP. When the U.S. Department ...

Official government Q3 GDP report remains a mystery as the Bureau of Economic Analysis struggles to recover its data collection and analysis efforts following the government shutdown. When the BEA ...