GDP measures all final goods/services produced in a defined area, adjusted for inflation to show real growth. GDP growth rates, especially real GDP annually, are key indicators of economic activity ...

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 ...

This article first appeared on the American Enterprise Institute site. The map above was created (with assistance from AEI's graphic design director Olivier Ballou) by matching the economic output ...