The estimated second quarter gross domestic product growth rate of 4.1 percent is not “record” or “close-to-record GDP,” as President Donald Trump recently claimed.
Issues: GDP
Trump Inflates GDP Growth
Trump’s Defense Spending Exaggerations
Trump Overstates West Virginia Gains
Trump’s Numbers (First Quarterly Update)
Pelosi’s Misleading ‘Job-Killer’ Claim
Trump’s Phoenix Fiction
FactChecking Trump’s West Virginia Rally
GDP vs. GNP
Q: What is the difference between GDP and GNP?
A: GDP is the market value of everything produced within a country; GNP is the value of what’s produced by a country’s residents, no matter where they live.