If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for ...

The difference between nominal GDP and real GDP highlights the importance of understanding inflation. Inflation erodes the purchasing power of money and distorts economic statistics. By adjusting for ...

The UK’s latest gross domestic product (GDP) figures are set to be released on Friday, providing yet another indication about the direction of the economy. At 7:00 a.m. tomorrow, the Office for ...

When it comes to measuring the strength of the economy, one of the most important metrics to watch is the gross domestic product, or GDP. This week, the Commerce Department announced the U.S. had ...

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, ...

Since World War II, most countries around the world have come to use gross domestic product, or GDP, as the core metric for prosperity. The GDP measures market output: the monetary value of all the ...