If GDP Is Falling, Will the Global Economy Shrink?

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If Gross Domestic Product (GDP) is falling, then the economy is shrinking - bad news for businesses and workers. If GDP falls for two quarters in a row, that is known as a recession, which can mean pay freezes and lost jobs.

GDP is one of the most important tools for looking at how well, or badly, an economy is doing.

GDP can be measured in 3 ways  Output, expenditure and income. Yet GDP growth doesn't tell the whole story.

Find out what GDP is and how it is measured.

Global Free-Trade Network

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Did you know? Imports and exports equal slightly more than 20 percent of gross domestic product, the broadest measure of economic output? That's what Sung Won Sohn, an economics professor at California State University, Channel Islands, says.

Read more here. Do you agree or disagree with the reporter's piece?