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Undated:Gross
domestic product (GDP) is a monetary
measure of the market value of all the
final
goods and services produced in a period of
time, often
annually or quarterly.
Nominal GDP estimates are commonly used to determine the economic
performance of a whole country or region, and to make international comparisons.
https://en.wikipedia.org/wiki/Gross_domestic_product
August 1: President Trump wrongly described
the estimated 2.6% growth in the nation’s gross domestic product for the second
quarter as “a number that nobody thought they’d see for a long period of time.”
August 1: Harvard professor
Jason Furman, who served as chairman of the Council of Economic Advisers
under former President Barack Obama,
told Politico that the advance estimate is “notoriously volatile” and “has a
substantial guess component to it.”
September 18: There’s little doubt that the
economy is doing well. Regular readers of The Fact Checker know we automatically
award Two Pinocchios to anyone who gives sole credit to a president for economic
improvements. That’s because the U.S. economy is complex, and the decisions of
companies and consumers often loom larger than the acts of government.
October 26: How Trump’s tax cuts are
boosting GDP, and why that might not last
The U.S. economy grew 3.5 percent in the third quarter of 2018, according to the
Commerce Department on Friday. That’s a slowdown from 4.2 percent GDP growth in
the previous three months, but a solid gain and the latest sign of stable
economic productivity.
