Learn how the Keynesian multiplier affects economic growth, emphasizing government spending's influence on employment and GDP within macroeconomic theory.

A revised GDP series with 2022–23 as the base year will be released on February 27, along with updated historical data covering the previous four years.

At its core, GDP is a simple accounting identity. The Bureau of Economic Analysis defines it as the sum of consumption (C), investment (I), government spending (G), and net exports (NX). The formula ...

Gross domestic product is likely increasing at a healthy clip, but don't expect to see an AI-fueled explosion of economic growth in Friday's report on fourth-quarter GDP.