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 ...

This metric measures the three-year compound annual growth rate of real gross domestic product by state ... the Bureau of Economic Analysis. The GDP growth metric is one of many that factor ...

Gross Domestic Product (GDP) is the primary measure used ... which is referred to as the producer’s input. The formula for GDP using the Income Approach is: GDP = Total National Income + Sales ...