GDP: Continuing to grow at 2-3%
When the White House Council of Economic Advisers reviews the past year in the US economy, it often focuses on gross domestic product. Gross domestic product, or GDP, is the most common measure for the growth of the economy. It represents the value of all final goods and services (i.e. not intermediate goods, like a sheet of metal sold to an auto manufacturer) produced and sold in the US within a period of time, typically measured for either a quarter or a year.
