Republican Jeb Bush on “Fox News Sunday” made economic claims about poverty and growth from tax cuts that don’t measure up to the facts.
Jeb Bush on Poverty, Economic Growth
Issues: gross domestic product
Biden’s Twist on U.S. Economy
Biden twisted international data on economic growth when he said the U.S. is “the only country in the world expected to continue to grow.”
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.