Gross domestic product, adjusted for inflation, also known as “real GDP,” is an economic measure of whether the U.S. economy is growing.
The Bureau of Economic Analysis calculates the nation’s total economic production by adding consumption, investment, government purchases and net exports to get the total GDP. Three monthly revisions are made to the current quarter GDP estimate.
The Wall Street Journal conducts an Economic Forecasting Survey among a group of nearly 80 economists on more than 10 major economic indicators on a quarterly basis, including GDP.
