Gross domestic product

opinion
THE BOSSY CLASS

Progressives may preach the joys of localism, but the trend in government is all the other way in everything from climate change to the economic complexion of your neighborhood.

CODE RED

In the first quarter of 2014, GDP shrunk 2.9 percent and most of the reason is because health-care spending declined. That doesn’t mean we’re in for a recession though.

Merica

America isn’t number one this time. Despite having the second-highest GDP on the 132-country list, the U.S. falls shorts on basic human needs, health and wellness, and education.

Confusing

The GDP report profits the broadest barometer of economic performance. But the data is constantly under revision and can often be misused and abused.