The Gross Domestic Product (GDP) is a key indication of a nation’s economic performance and health. Understanding the GDP and the trajectory of the world’s largest economy, the United States, is of utmost importance. This essay seeks to explore the complexities of the US GDP, its trends in growth, and the resource allocation that results in such startling numbers. Understanding GDP: A country’s GDP is the total value of all commodities and services produced inside its boundaries during a given time frame, typically a year or a quarter. Consumption, investment,…
Read MoreThe United States GDP and Its Growth: A Comprehensive Analysis
