WASHINGTON -- The Commerce Department is scheduled today to unveil a new measure of U.S. production of goods and services and to announce other technical changes in tracking the economy.

From now on, the department will issue monthly statistical reports on U.S. gross domestic product and phase out the better-known gross national product statistical series. GDP covers goods and services produced by labor and property located within U.S. borders. It does not cover business activity by U.S. residents overseas, which would be reported in the GNP series.

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