What is gross domestic product?
ASU economist explains GDP and measuring economic well-being.
In this story published March 11, 2025, on The Motley Fool:
Nominal GDP is the total value of goods and services produced in a country expressed in units of domestic currency; U.S. dollars in the United States. Real GDP is nominal GDP divided by the GDP price deflator in a base year. Quantifying economic well-being is difficult, so no measurement is bulletproof. Mortality rates as well as expected lifetime at birth are other measures that are a proxy for well-being.
– Domenico Ferraro, associate professor of economics
Latest news
- LDC Releases Part Two of the 2025 Official LDC U.S. Latino GDP Report™, Featuring First-Ever State-Level Forecasts Through 2030 and Mexican American Contributions to Regional Growth
The 2025 LDC U.S.
- New ASU master's degree in AI launches in LA to serve global business leaders
The master's degree in artificial intelligence in business in Los Angeles connects students with…
- 10 ASU undergraduate business programs rank in top 25 in nation
ASU strengthens its reputation as a leader in business education as 10 programs rank top 25 in…