Tom Cunningham, former vice president, senior economist, and regional executive of the Federal Reserve Bank of Atlanta, gives an economist's view of gross domestic product, or GDP. He discusses what it is, how to measure it, and what it means to a country's economy. He also talks about the business cycle, another concept related to the measurement of economic performance.
Section 1: What is GDP? (5:57)
Section 2: Measuring GDP (4:05)
Section 3: Per capita GDP (2:34)
Section 4: The business cycle (3:18)