How should we measure changes in an economy's standard of living, or compare living standards across countries? Typically, economists use GDP per capita as a proxy for a country's standard of living, ...

Discover how economic growth rate measures a nation's economic health over time using GDP, along with its formula and real-world examples for better understanding.

There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final... Can we just change how we measure GDP? There's one ...

Log-in to bookmark & organize content - it's free! Author and professor Jeremy Haft explained how Gross Domestic Product (GDP) is measured and alternatives to using this economic indicator as ...

AI added $160 billion to the US economy, but only $45 billion appears in GDP because of how growth is measured.