“More and more, the U.S. economy is defined by its metropolitan areas,” writes Richard Florida at The Atlantic’s CityLab blog. Just over 90% of the nation’s economic activity occurs in metro regions. In North Carolina, the state’s 15 major metropolitan regions also comprised the majority of economic activity, but at a level less than the national share. In 2013, the state’s combined metro GDP was $407 billion out of a total GDP of $471 billion.…

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Gross domestic product or GDP captures the market value of all goods or services produced within a country (or other defined region) in a given year. Put another way, GDP = Personal Consumption + Business Investment + Government Spending + (Exports – Imports) In 2013, the United States had a GDP of nearly $17 trillion – the largest GDP for a single country in the world. To put this in perspective, the U.S. GDP is…

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