Understand the income approach to GDP, where total expenditures equal the income from goods and services in an economy.

A simple reason explains why U.S. economic growth seemed to hit a wall in the final three months of the year.

Real GDP measures the inflation-adjusted value of all goods and services produced in an economy. Its growth comes from three sources (the Solow growth accounting identity): More labor (hours worked or ...

Gross Domestic Product, the broadest measure of the economy, grew by an annual rate of 3.0% in Q2, adjusted for inflation. Government consumption expenditures and gross investment rose by 0.4% ...