The U.S. government is set to begin calculating GDP in a way that factors in the economic value of entertainment, such as Beyonce, Miley Cyrus, Selena Gomez and Angelina Jolie.

Remember during the dark days of winter when you were feeling lethargic. Same with the economy, turns out.

'Measure of America' is an index that wraps GDP, general well-being and access to opportunity into one number.

The GDP growth of 2.5 percent falls short of what economists had predicted. But does that mean bad news for the economy?

With all the dysfunction in government and economies, why should a 2.5 percent increase in GDP sound bad?

China’s economy continues to rev, but certainly slower than many had anticipated this past quarter. Growth came in at 7.7 percent, down two tenths from the previous quarter.

Diane Swonk, chief economist with Mesirow Financial, joins Marketplace Morning Report host Jeremy Hobson to discuss whether the crisis in Cyprus will spread and how the U.S. economy is faring.

High debt equals low growth, right? That's a widely-held belief among the political class, supported by well-funded bipartisan PR campaigns. But many economists just don't agree.