There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final transactions, so all the goods or services bought and ...

GDP is the total market value of final goods and services produced within a country's borders during a specified period. Final goods are those purchased by the end user, meaning that GDP excludes ...

When it is growing, especially if inflation is not a problem, workers and businesses are generally better off than when it is not Many professions commonly use abbreviations. To doctors, accountants, ...