Gross Domestic Production may be the most important concept in macroeconomics. However there is still significant uncertainty surrounding its estimation even for developed countries like U.S.. We propose a new estimate of U.S. Gross Domestic Production, which is a weighted geometric average of the expenditure-side(GDP) and income-side(GDI) estimates. Our new estimate is easy to implement and has smaller measurement error than the newly issued Gross Domestic Output(GDO) which is an arithmetic average of GDP and GDI.

Keywords:

GDP, GDI, GDO