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AI added $160 billion to the US economy, but only $45 billion appears in GDP because of how growth is measured.
Gross domestic product plays an outsize role in how we think of what the American economy creates. It’s what the U.S. Bureau of Economic Analysis refers to as its “featured measure of production.” ...
The U.S. Latino economy hit $4 trillion in 2023, expanding at twice the pace of the rest of the country, according to the ...
ChatGPT reveals how Trump’s tariffs could impact GDP, inflation and the job market. Here’s what it could mean for your wallet and the broader economy.
In February, the personal consumption expenditure (PCE) price index came in lower than expected, with consumer spending rising by 5.0% compared to a year ago, down from 5.3% in January. This month’s ...
No fewer than three of the Fed’s regional central banks offer what are called “nowcasts” of GDP growth — and they all are ...
There may be an explanation for why the U.S. economy has been remarkably resilient, growing briskly despite high inflation and interest rates. Maybe it isn’t so resilient after all. This week, the ...
The U.S. economy as measured by the Gross Domestic Product grew at an annual rate of 3.3% in the second quarter, rather than the 3% annual growth initially estimated last month.
In the middle of the eighteenth century, the physician-turned-economist François Quesnay devised a quantitative model of the economy, among the first of its kind and a precursor to present-day GDP.
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