If you want to measure our standard of living (what we have available to spend or save) then GNI* is the appropriate measure. But if you want to measure our taxable capacity – and therefore our ...
GDP looks at production that happens within U.S. borders — no matter who does it — emphasis on the where. David Wasshausen of the BEA has a couple examples.
Given that general consumer spending accounts for nearly 70 percent of the nation’s GDP, the Index is a key gauge of U.S. economic vitality ... The flagship data analytics source for the index is ...