What Is GDP, and Why Is It Important?

Doreen Fagan

Open Vault from Federal Reserve Bank of St. Louis

Abstract: Why does GDP matter? GDP helps gauge our economy's size and health. The formula includes personal consumption expenditures, gross private investment, government purchases and net exports.

Date: 2026-01-21
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00100:102791

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