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Tag: "GDP"

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BEA Releases Revised 1st Quarter and Initial 2nd Quarter GDP

By on Jul 29, 2011 in Money

Bureau of Economic Analysis//  Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 1.3 percent in the second quarter of 2011, (that is, from the first quarter to the second quarter), according to the “advance” estimate [...]

The Economy Stinks and the GDP Doesn’t Have a Clue
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The Economy Stinks and the GDP Doesn’t Have a Clue

By on Oct 31, 2009 in Featured, Money

We all gain an understanding of gross income vs. net income when it comes to tax time and many of us forget the relationship shortly after.  What do these two terms have to do with our economy? The U.S. G.D.P. (Gross Domestic Product) is an indicator of the total of goods produced with no regard [...]