Gross domestic product ( GDP ) is a monetary measure of the market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic health of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund .
73-592: Interstate 495 ( I-495 ) is the designation for the following five Interstate Highways in the United States, all of which are related to I-95 : The following roads once were named I-495: Interstate 95 Interstate 95 ( I-95 ) is the main north–south Interstate Highway on the East Coast of the United States , running from U.S. Route 1 (US 1) in Miami, Florida , north to
146-482: A broad measure of economic progress . It is often considered to be the world's most powerful statistical indicator of national development and progress. However, critics of the growth imperative often argue that GDP measures were never intended to measure progress, and leave out key other externalities , such as resource extraction , environmental impact and unpaid domestic work . Alternative economic indicators such as doughnut economics use other measures, such as
219-756: A gap existed on I-95 within New Jersey. From Pennsylvania, I-95 entered the state on the Scudder Falls Bridge and continued east to US 1 in Lawrence Township . Here, I-95 abruptly ended and transitioned into I-295 . From New York, I-95 entered the state on the George Washington Bridge and followed the New Jersey Turnpike south to exit 6, ran along an extension of the turnpike, and ended on
292-525: A 37-mile-long (60 km) concurrency with Route 128 , a beltway that traverses Boston's inner suburbs. At this point, I-93 has its southern terminus and provides access to the city of Boston itself. I-95 intersects the Massachusetts Turnpike /I-90 at the Weston – Newton line and I-93 a second time at the tripoint of Woburn , Reading , and Stoneham . North of Boston, I-95 leaves
365-509: A base year. The result would be that the GDP in 2000 equals $ 300 million × 1 ⁄ 2 = $ 150 million , in 1990 monetary terms. We would see that the country's GDP had realistically increased 50 percent over that period, not 200 percent, as it might appear from the raw GDP data. The GDP adjusted for changes in money value in this way is called the real GDP . The factor used to convert GDP from current to constant values in this way
438-518: A country becomes increasingly in debt, and spends large amounts of income servicing this debt this will be reflected in a decreased GNI but not a decreased GDP. Similarly, if a country sells off its resources to entities outside their country this will also be reflected over time in decreased GNI, but not decreased GDP. This would make the use of GDP more attractive for politicians in countries with increasing national debt and decreasing assets. Gross national income (GNI) equals GDP plus income receipts from
511-521: A country's borders, but by an enterprise owned by somebody outside the country, counts as part of its GDP but not its GNI; on the other hand, production by an enterprise located outside the country, but owned by one of its citizens, counts as part of its GNI but not its GDP. For example, the GNI of the US is the value of output produced by American-owned firms, regardless of where the firms are located. Similarly, if
584-587: A country's citizens at home and abroad rather than its "resident institutional units" (see OECD definition above). The switch from GNP to GDP in the United States occurred in 1991. The role that measurements of GDP played in World War II was crucial to the subsequent political acceptance of GDP values as indicators of national development and progress. A crucial role was played here by the U.S. Department of Commerce under Milton Gilbert where ideas from Kuznets were embedded into institutions . The history of
657-406: A country's production has increased (or decreased, if the growth rate is negative) compared to the previous year, typically expressed as percentage change . The economic growth can be expressed as real GDP growth rate or real GDP per capita growth rate . GDP can be adjusted for population growth, also called Per-capita GDP or GDP per person . This measures the average production of a person in
730-613: A final turn to the east, reaching the Houlton–Woodstock Border Crossing in Houlton . The road continues into the Canadian province of New Brunswick as Route 95 . Many parts of I-95 were made up of toll roads that had already been constructed or planned, particularly in the northeast. Many of these routes still exist today, but some have removed their tolls. All current I-95 toll facilities are compatible with
803-561: A more inland route to the west. I-95 does not go near any major cities in South Carolina, with the largest city along its route being Florence , the tenth largest in the state . The rest of South Carolina can be accessed via other Interstates that intersect I-95. It intersects I-26 near Harleyville , which provides access to Charleston , Columbia , and Upstate South Carolina . It also intersects I-20 at Florence, which also connects to Columbia and then on to Atlanta, Georgia . At
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#1732766313775876-463: A toll highway between Dover, Delaware , and Charleston, South Carolina , as an alternative to I-95 that would allow long-distance traffic to avoid the Washington metropolitan area. Federal legislation has identified I-95 through Connecticut as High Priority Corridor 65 . A long-term multibillion-dollar program to upgrade the entire length of I-95 through Connecticut has been underway since
949-467: Is US$ 5,040,107.75 (in a million). Predictably, as a developed country, Japan has a higher GNI (by 182,779.46, in millions of USD), which is indicative that the production level in the country is higher than that of national production. On the other hand, the case with Armenia is the opposite, with GDP being lower than GNI by US$ 196.12 (in million). This demonstrates that countries receive investments and foreign aid from abroad. The Total income divided by
1022-425: Is also sometimes expressed as: The third way to estimate GDP is to calculate the sum of the final uses of goods and services (all uses except intermediate consumption) measured in purchasers' prices. Market goods that are produced are purchased by someone. In the case where a good is produced and unsold, the standard accounting convention is that the producer has bought the good from themselves. Therefore, measuring
1095-838: Is calculated this way it is sometimes called gross domestic income (GDI), or GDP (I). GDI should provide the same amount as the expenditure method described later. By definition, GDI is equal to GDP. In practice, however, measurement errors will make the two figures slightly off when reported by national statistical agencies. This method measures GDP by adding incomes that firms pay households for factors of production they hire – wages for labour, interest for capital, rent for land and profits for entrepreneurship. The US "National Income and Product Accounts" divide incomes into five categories: These five income components sum to net domestic income at factor cost. Two adjustments must be made to get GDP: Total income can be subdivided according to various schemes, leading to various formulae for GDP measured by
1168-474: Is called the GDP deflator . Unlike consumer price index , which measures inflation or deflation in the price of household consumer goods, the GDP deflator measures changes in the prices of all domestically produced goods and services in an economy including investment goods and government services, as well as household consumption goods. Real GDP can be used to calculate the GDP growth rate, which indicates how much
1241-473: Is contributed at each stage of production. This approach mirrors the OECD (Organisation for Economic Co-operation and Development) definition given above. Gross value added = gross value of output – value of intermediate consumption. Value of output = value of the total sales of goods and services plus the value of changes in the inventory. The sum of the gross value added in the various economic activities
1314-404: Is known as "GDP at factor cost". GDP at factor cost plus indirect taxes less subsidies on products = "GDP at producer price". For measuring the output of domestic product, economic activities (i.e. industries) are classified into various sectors. After classifying economic activities, the output of each sector is calculated by any of the following two methods: The value of output of all sectors
1387-719: Is one of the busiest highway junctions on the East Coast , serving between 400,000 and 500,000 vehicles per day. With the exception of high-occupancy toll (HOT) lanes on the Capital Beltway (I-495/I-95), this project was completed in July 2007. A few miles to the east was another major project: the Woodrow Wilson Bridge replacement. The bridge carries I-95/I-495 over the Potomac River . The former Woodrow Wilson Bridge, which has since been demolished,
1460-587: Is that GDP defines its scope according to location, while GNI defines its scope according to ownership. In a global context, world GDP and world GNI are, therefore, equivalent terms. GDP is a product produced within a country's borders; GNI is product produced by enterprises owned by a country's citizens. The two would be the same if all of the productive enterprises in a country were owned by its own citizens and those citizens did not own productive enterprises in any other countries. In practice, however, foreign ownership makes GDP and GNI non-identical. Production within
1533-536: Is the longest north–south Interstate and the sixth-longest Interstate Highway overall . I-95 passes through 15 states (as well as a brief stretch in the District of Columbia while crossing the Potomac River ), more than any other Interstate. According to the US Census Bureau , only five of the 96 counties or county equivalents along its route are completely rural, while statistics provided by
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#17327663137751606-547: Is the shortest section of the highway (excluding D.C.). In Maine , I-95 follows the Maine Turnpike , closely following the coast in a northeasterly direction until reaching Portland , the state's largest city. From there, it turns northward to Augusta , where the Maine Turnpike ends while I-95 continues north to Palmyra , where it turns east to Bangor . From Bangor, it turns north again to Smyrna and makes
1679-453: Is then added to get the gross value of output at factor cost. Subtracting each sector's intermediate consumption from gross output value gives the GVA (=GDP) at factor cost. Adding indirect tax minus subsidies to GVA (GDP) at factor cost gives the "GVA (GDP) at producer prices". The second way of estimating GDP is to use "the sum of primary incomes distributed by resident producer units". If GDP
1752-503: The Connecticut Turnpike . I-95 enters New England in the state of Connecticut, where it closely follows the state's southern coast. The highway's direction through Connecticut is primarily east–west, and it passes through the most densely populated part of the state, including the cities of Stamford , Bridgeport (the state's most populous city), and New Haven . In New Haven, it intersects with I-91 as it passes into
1825-582: The Delaware Turnpike east across Delaware until the large and complex I-495 / I-295 / US 202 / Delaware Route 141 interchange near Newport and turns northeast through Wilmington , skirting the west side of the downtown area before leaving Delaware in Claymont at the state's extreme northeastern corner. I-95 is the only two-digit interstate highway in Delaware, and it only passes through
1898-589: The E-ZPass electronic payment system; in Florida, while I-95 can be driven toll-free, use of the "95 Express Managed Toll Lanes" requires a SunPass transponder (E-ZPass is now compatible with SunPass). The toll roads utilized as part of I-95 formerly included Florida's Turnpike , the Richmond–Petersburg Turnpike (tolled until 1992), and the Connecticut Turnpike (tolled until 1985). Additionally,
1971-940: The Fuller Warren Bridge , spanning the St. Johns River in Jacksonville, was tolled until the 1980s. Today, tolls remain on Maryland's Fort McHenry Tunnel and John F. Kennedy Memorial Highway , the Delaware Turnpike , the Pennsylvania Turnpike , the New Jersey Turnpike , New York's George Washington Bridge and New England Thruway , the New Hampshire Turnpike , and the Maine Turnpike . By 1968, three states had completed their sections of I-95: Connecticut, using its existing turnpikes; New York; and Delaware. Until 2018,
2044-564: The Houlton–Woodstock Border Crossing between Maine and the Canadian province of New Brunswick . The highway largely parallels the Atlantic coast and US 1, except for the portion between Savannah, Georgia , and Washington, D.C. , and the portion between Portland and Houlton in Maine, both of which follow a more direct inland route. I-95 serves as the principal road link between
2117-617: The Human Development Index or Better Life Index , as better approaches to measuring the effect of the economy on human development and well being . William Petty came up with a concept of GDP, to calculate the tax burden , and argue landlords were unfairly taxed during warfare between the Dutch and the English between 1652 and 1674. Charles Davenant developed the method further in 1695. The modern concept of GDP
2190-717: The Pennsylvania Turnpike near Bristol before entering New Jersey on the Delaware River–Turnpike Toll Bridge . In New Jersey, I-95 follows the Pearl Harbor Memorial Turnpike Extension of the New Jersey Turnpike , crossing the Delaware River on the Delaware River–Turnpike Toll Bridge , joining the mainline turnpike at exit 6. I-95 has interchanges with I-78 in Newark and I-80 in southern Teaneck . At
2263-683: The Richmond–Petersburg Turnpike into downtown Richmond (where it is concurrent briefly with I-64 ), and, from there, it turns northeast as it enters Northern Virginia . In the Washington metropolitan area , it is concurrent with the Capital Beltway from the Springfield Interchange along with I-495 , before passing through the southernmost corner of the District of Columbia for about 0.11 miles (0.18 km) along
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2336-607: The Twelve-Mile Circle , the northernmost part of the state. Entering southeastern Pennsylvania near Marcus Hook , I-95 crosses Delaware County and the city of Chester , closely following the Delaware River . Entering Philadelphia near Philadelphia International Airport , the freeway has an interchange with I-76 before it follows a large viaduct along the extreme eastern edge of Center City Philadelphia . Northeast of Philadelphia in Bucks County , I-95 joins
2409-563: The Woodrow Wilson Bridge before entering Maryland near National Harbor, Maryland . In Maryland, I-95 goes northeast toward Baltimore, paralleling the older Baltimore–Washington Parkway . I-95 uses the Fort McHenry Tunnel to travel under Baltimore's Inner Harbor and travels through northeast Maryland along the John F. Kennedy Memorial Highway, crossing into Delaware near Elkton . Entering Delaware at Newark , I-95 follows
2482-749: The Delaware River–Turnpike Toll Bridge at the Pennsylvania state line, where the route transitioned into I-276 . This discontinuity was caused by the 1983 cancelation of the Somerset Freeway , a planned alignment of I-95 further inland from the turnpike. In order to close the gap, an interchange was constructed where I-95 crosses the Pennsylvania Turnpike in Bristol Township, Pennsylvania . After
2555-548: The I-95 Corridor Coalition suggest that the region served is "over three times more densely populated than the U.S. average and as densely settled as much of Western Europe". According to the Corridor Coalition, I-95 serves 110 million people and facilitates 40 percent of the country's gross domestic product . I-95 begins at US 1 just south of downtown Miami and travels along
2628-706: The Mid-Atlantic region is tolled, following the course of several turnpikes that predate the Interstate Highway System, as well as several other toll roads and toll bridges. I-95 enters the Mid-Atlantic region in Virginia and travels through the center of the densest and most populous urban region in the US . I-95 travels north–south through Virginia, passing through Petersburg , and follows
2701-837: The North Carolina border, I-95 passes the South of the Border roadside attraction . In North Carolina, I-95 informally serves as the separation between the state's central Piedmont and eastern Atlantic Plain regions. Much like its route in South Carolina, I-95 runs through mostly rural areas, avoiding major cities like Raleigh and Durham . The route intersects I-74 near Lumberton , I-40 near Benson , and Future I-87 / US 64 near Rocky Mount . Several medium-sized cities lie along I-95 in North Carolina, including (from south to north) Fayetteville , Wilson , and Rocky Mount. At Gaston , I-95 crosses into Virginia. Much of I-95 in
2774-529: The Rhode Island state line are also progressing. There are plans to expand the 1,054-mile (1,696 km) I-95 corridor from Petersburg, Virginia , to Florida through a US multistate agreement to study how to improve the corridor through widening and reconstruction, with the goal of reducing congestion and improving overall safety for years to come. I-95 from the South Carolina–Georgia line to
2847-580: The US side of the Canadian border . Legislators argued that extension of the Interstate would promote economic growth in the region. On June 11, 2023, a portion of the northbound section of I-95 collapsed in Philadelphia . This was due to a gasoline tanker catching fire after a crash. A temporary roadway opened at the site of the collapsed bridge ten days later, on June 23, 2023. I-95 has many auxiliary routes. They can be found in most states
2920-550: The Wilson Bridge, and about 20 miles (32 km) south of Baltimore near Laurel, Maryland , construction on a large new interchange began in 2008, was scheduled for completion in late 2011, and opened to traffic on November 9, 2014, which connects I-95 to Maryland Route 200 (MD 200). In 2006, the Virginia General Assembly passed SJ184, a resolution calling for an interstate compact to build
2993-427: The accounting year. ) So for example if a car manufacturer buys auto parts , assembles the car and sells it, only the final car sold is counted towards the GDP. Meanwhile, if a person buys replacement auto parts to install them on their car, those are counted towards the GDP. According to the U.S. Bureau of Economic Analysis, which is responsible for calculating the national accounts in the United States, "In general,
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3066-572: The beltway and heads northward in Peabody , while Route 128 continues east to Cape Ann . I-95 leaves Massachusetts in Salisbury . I-95 enters New Hampshire in the town of Seabrook , following the pre-Interstate New Hampshire Turnpike and traversing the 18-mile-long (29 km) Seacoast Region and the historic city of Portsmouth where it leaves the state. I-95 in New Hampshire
3139-754: The boroughs of Manhattan and the Bronx . Within this 15-mile (24 km) stretch, I-95 intersects I-87 in the South Bronx , which connects to Albany and Upstate New York , as well as several auxiliary Interstates that provide access to other New York City boroughs and to Long Island . Entering Westchester County in Pelham , I-95 then follows the New England Thruway northeast to the Connecticut border at Port Chester , where it continues as
3212-409: The cancelation of the Somerset Freeway . An interchange between the Pennsylvania Turnpike and I-95 was completed September 22, 2018; this allowed I-95 to be rerouted along the Pearl Harbor Memorial Turnpike Extension of the New Jersey Turnpike into Pennsylvania , creating a continuous Interstate route from Maine to Florida for the first time. With a length of 1,924 miles (3,096 km), I-95
3285-540: The concept of GDP should be distinguished from the history of changes in many ways of estimating it. The value added by firms is relatively easy to calculate from their accounts, but the value added by the public sector , by financial industries, and by intangible asset creation is more complex. These activities are increasingly important in developed economies, and the international conventions governing their estimation and their inclusion or exclusion in GDP regularly change in an attempt to keep up with industrial advances. In
3358-429: The countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. GDP is often used as a metric for international comparisons as well as
3431-401: The country. GDP per capita is often used as an indicator of living standards. The major advantage of GDP per capita as an indicator of the standard of living is that it is measured frequently, widely, and consistently. It is measured frequently in that most countries provide information on GDP every quarter, allowing trends to be seen quickly. It is measured widely in that some measure of GDP
3504-719: The end of the turnpike in Fort Lee , I-95 turns east along its own freeway alignment and connects to New York City (and crosses into New York state) over the Hudson River via the George Washington Bridge . I-95 in New York City comprises all or part of several named expressways, including the Trans-Manhattan , Cross Bronx , and Bruckner expressways, as it crosses east-northeast across
3577-480: The first components of the interchange opened on September 22, 2018, I-95 was rerouted onto the Pennsylvania Turnpike, meeting up with where I-95 previously ended at the state line. This project closed the last remaining gap in the route. The former section of I-95 between the Pennsylvania Turnpike and US 1 in Lawrence became an extension of I-295. The interchange with the Pennsylvania Turnpike will be expanded in
3650-1234: The freeway's southern terminus in South Florida has been widened to a minimum of six lanes. The section from Jacksonville to the I-4 junction in Daytona Beach was expanded to six lanes in 2005. Projects begun in 2009, widening the roadbed in Brevard County from the State Route ;528 junction in Cocoa to Palm Bay , as well as in northern Palm Beach County . The last segments of I-95 in Florida to remain at only four lanes have now been upgraded, providing motorists with about 500 miles (800 km) of continuous six-lane roadbed. In 2009, state legislators representing Maine's Aroostook County proposed using federal economic stimulus funds to extend I-95 north to Maine's northernmost border community of Fort Kent via Caribou and Presque Isle . The proposed route would parallel New Brunswick's four-lane, limited-access Trans-Canada Highway on
3723-502: The future, connecting northbound I-95 with the westbound turnpike and the eastbound turnpike with southbound I-95. In the 21st century, several large projects between Richmond, Virginia , and New Jersey have aimed to decrease congestion along the corridor. The reconstruction of the Springfield Interchange in Northern Virginia , just outside Washington, D.C. helped to ease traffic at the intersection of I-95, I-495 , and I-395 , and surrounding interchanges. The Springfield Interchange
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#17327663137753796-553: The income approach. A common one is: The sum of COE , GOS and GMI is called total factor income; it is the income of all of the factors of production in society. It measures the value of GDP at factor (basic) prices. The difference between basic prices and final prices (those used in the expenditure calculation) is the total taxes and subsidies that the government has levied or paid on that production. So adding taxes less subsidies on production and imports converts GDP(I) at factor cost to GDP(I) at final prices. Total factor income
3869-443: The information required (especially information on expenditure and production by governments). The raw GDP figure as given by the equations above is called the nominal, historical, or current GDP. When one compares GDP figures from one year to another, it is desirable to compensate for changes in the value of money—for the effects of inflation or deflation. To make it more meaningful for year-to-year comparisons, it may be multiplied by
3942-426: The major cities of the Eastern Seaboard . Major metropolitan areas along its route include Miami , Jacksonville , Savannah , and Richmond in the Southeast ; Washington , Baltimore , Wilmington–Philadelphia , Newark , and New York City in the Mid-Atlantic ; and New Haven , Providence , Boston , and Portland in New England . The Charleston , Wilmington , and Norfolk–Virginia Beach metropolitan areas,
4015-444: The mid-1990s and is expected to continue through at least 2020. Several miles of the Connecticut Turnpike through Bridgeport were widened and brought up to Interstate standards . Work has shifted to reconstructing and widening 12 miles (19 km) of I-95 through New Haven , which includes replacing the Pearl Harbor Memorial Bridge . Environmental studies for reconstructing and widening 60 miles (97 km) of I-95 from New Haven to
4088-402: The more rural areas of the Lower Connecticut River Valley . I-95 leaves the Connecticut Turnpike at I-395 at the East Lyme – Waterford town line. I-95 next passes New London and Groton , before the route curves northeast and leaving its close connection to the coast. It leaves Connecticut in the town of North Stonington . I-95 enters Rhode Island in the town of Hopkinton and connects
4161-415: The population is the Per capita income . The international standard for measuring GDP is contained in the book System of National Accounts (2008), which was prepared by representatives of the International Monetary Fund , European Union , Organisation for Economic Co-operation and Development , United Nations and World Bank . The publication is normally referred to as SNA2008 to distinguish it from
4234-430: The previous edition published in 1993 (SNA93) or 1968 (called SNA68) SNA2008 provides a set of rules and procedures for the measurement of national accounts. The standards are designed to be flexible, to allow for differences in local statistical needs and conditions. Within each country GDP is normally measured by a national government statistical agency, as private sector organizations normally do not have access to
4307-440: The products must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying things. The income approach works on the principle that the incomes of the productive factors ("producers", colloquially) must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes. Also known as the Value Added Approach, it calculates how much value
4380-445: The ratio between the value of money in the year the GDP was measured and the value of money in a base year. For example, suppose a country's GDP in 1990 was $ 100 million and its GDP in 2000 was $ 300 million . Suppose also that inflation had halved the value of its currency over that period. To meaningfully compare its GDP in 2000 to its GDP in 1990, we could multiply the GDP in 2000 by one-half, to make it relative to 1990 as
4453-462: The rest of the world minus income payments to the rest of the world. In 1991, the United States switched from using GNP to using GDP as its primary measure of production. The relationship between United States GDP and GNP is shown in table 1.7.5 of the National Income and Product Accounts . Another example that amplifies the difference between GDP and GNI is the comparison of developed and developing country indicators. The GDP of Japan for 2020
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#17327663137754526-420: The route runs through, with exceptions being Georgia, South Carolina, and New Hampshire. Business routes also exist in both Georgia and North Carolina. Gross domestic product The ratio of GDP to the total population of the region is the GDP per capita and can approximate a concept of a standard of living . Nominal GDP does not reflect differences in the cost of living and the inflation rates of
4599-402: The rural areas of the southwestern corner of the state with the more metropolitan region around the state capital, Providence , in the state's northeastern corner. It leaves Rhode Island in the city of Pawtucket . Entering Massachusetts in Attleboro , I-95 heads northeast toward Boston . In Canton , roughly a mile (1.6 km) south of Boston's city limits, it turns to the west and begins
4672-408: The same result. They are the production (or output or value added) approach, the income approach, and the speculated expenditure approach. It is representative of the total output and income within an economy. The most direct of the three is the production approach, which sums up the outputs of every class of enterprise to arrive at the total. The expenditure approach works on the principle that all of
4745-401: The source data for the expenditures components are considered more reliable than those for the income components [see income method, above]." Encyclopedia Britannica records an alternate way of measuring exports minus imports: notating it as the single variable NX. GDP can be contrasted with gross national product (GNP) or, as it is now known, gross national income (GNI). The difference
4818-480: The state's east coast, passing through Fort Lauderdale , West Palm Beach , the Gold Coast , the Treasure Coast , the Space Coast , Daytona Beach , Port Orange , St. Augustine , and Jacksonville before entering the US state of Georgia near the city of Kingsland . In Miami and Fort Lauderdale, SunPass express lanes pass over the highway. Before 1987, a notable gap in the highway existed between West Palm Beach and Fort Pierce ; I-95 traffic between those cities
4891-414: The three major coastal metros bypassed by the highway's inland portion, are connected to I-95 by I-26 , I-40 , and I-64 , respectively. I-95 is one of the oldest routes of the Interstate Highway System. Many sections of I-95 incorporated preexisting sections of toll roads where they served the same right-of-way . Until 2018, there was a gap in I-95's original routing in Central New Jersey caused by
4964-536: The total expenditure used to buy things is a way of measuring production. This is known as the expenditure method of calculating GDP. GDP (Y) is the sum of consumption (C) , investment (I) , government expenditures (G) and net exports (X − M) . Here is a description of each GDP component: C , I , and G are expenditures on final goods and services; expenditures on intermediate goods and services do not count. (Intermediate goods and services are those used by businesses to produce other goods and services within
5037-402: The western sides of both cities' metro areas; it connects to the latter city by an intersection with I-16 before crossing into South Carolina. The exit numbers were converted from a sequential system to a mileage-based system around 2000. I-95 in Georgia has the unsigned designation of State Route 405 (SR 405). Entering South Carolina , I-95 diverts from its coastal route to
5110-473: The words of one academic economist, "The actual number for GDP is, therefore, the product of a vast patchwork of statistics and a complicated set of processes carried out on the raw data to fit them to the conceptual framework." China officially adopted GDP in 1993 as its indicator of economic performance. Previously, China had relied on a Marxist-inspired national accounting system. GDP can be determined in three ways, all of which should, theoretically, give
5183-480: Was a six-lane bridge that was severely overcapacity. The new bridge is actually two bridges with a total of 12 lanes; five in each direction, with an additional lane in each direction for future use (rapid-bus or train). This project was completed with the 10 lanes opened on December 13, 2008, greatly reducing the traffic delays on the beltway. The lanes are divided into two through lanes and three local lanes in each direction. About 30 miles (48 km) north of
5256-446: Was diverted to Florida's Turnpike . Today, I-95 runs along a routing parallel to the turnpike. In 2010, more fatalities occurred along the Florida section of I-95 than on any other Interstate Highway in the country. In Georgia, I-95 closely parallels the coastline, traveling primarily through marshlands a few miles from the shore. The route bypasses the cores of major coastal cities Brunswick and Savannah , routing traffic through
5329-493: Was first developed by Simon Kuznets for a 1934 U.S. Congress report, where he warned against its use as a measure of welfare (see below under limitations and criticisms ). After the Bretton Woods Conference in 1944, GDP became the main tool for measuring a country's economy. At that time gross national product (GNP) was the preferred estimate, which differed from GDP in that it measured production by
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