As you all know, Gross Domestic Product (GDP) is an important economic term that is used to represent the final value of ...

Real GDP refers to the value of goods and services ... of price changes on gross domestic product. The price deflator formula establishes a base year and compares current prices to the base ...

Since then, critics have occasionally called for the use of real GDP — a measurement that takes ... economist Simon Kuznets argued the formula didn't account for how individuals' welfare and ...

Government data to be released on Wednesday is expected to show a sharp economic slowdown over the initial months of ...