U.S. real gross domestic product (GDP) measures the market value of all goods and services produced within an economy in a given time period. In 2010, the nation had a GDP of $14.5 trillion, an increase of approximately $5 billion from 2009, representing a 3.74 percent growth rate. According to the second estimate released by…Continue Reading
Economy
How Does Your State Measure Up?
May 19, 2011 By
GDP is an aggregate measure of total economic production and represents the market value of all goods and services produced by an economy during the period measured. The Nation’s Gross Domestic Product (GDP) in 2009, the latest data available from the Bureau of Economic Analysis, was over $14 trillion, with a GDP per Capita of…Continue Reading
Exploring Arizona’s Economy
February 19, 2011 By
Arizona’s Gross Regional Product (GRP) in 2008 was nearly $251 billion, with more than 3.3 million employed at an average pay of $41,795. The largest economic sector in Arizona is Service representing the majority of all jobs at nearly 1.8 million people and an average pay of approximately $34,000. Gross Regional Product and employment activity…Continue Reading