Americans, stop obsessing over GDP
- Written by Sophie Mitra, Professor of Economics, Fordham University
The Bureau of Economic Analysis on July 27 released the GDP growth rate for the second quarter of 2018: 4.1 percent.
GDP – or gross domestic product – is the rate at which the total value of goods and services produced in the U.S. grew. Together with unemployment and inflation, it usually receives a lot of attention as an indicator of...

