- Gross Domestic Product (GDP)
The market value of goods and services produced by labor and property in the United States, regardless of nationality; GDP replaced GNP as the primary measure of U.S. production in 1991.
- Gross National Product (GNP)
The market value of goods and services produced by labor and property supplied by U.S. residents, regardless of where they are located.
GDP-by-industry is the contribution of each private industry and government to the Nation's output (that is, the GDP.) An industry's GDP-by-industry, or its "value added," is equal to its gross output (which consists of sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (which consist of energy, raw materials, semi finished goods, and services that are purchased from domestic industries or from foreign sources).
Gross State Product (GSP)
A measurement of a State's output; it is the sum of gross state product originating (GSPO) from all industries in the State. GSP is the State counterpart of the Nation's GDP.