Economics is no different. Economists use many acronyms. One of the most common is GDP, which stands for gross domestic product. It is often cited in newspapers, on the television news, and in reports ...

Gerd Altmann/Pixabay.com (CC0-PD) Gross Domestic Product (GDP) is an economic indicator that focuses on the value of goods and services a country produces. Gross National Income (GNI) includes ...

Economists expect that real GDP grew about 2.3% in the period, below the third quarter’s growth rate, due to a trade deficit ...