Since the Great Recession, economists have increasingly questioned whether GDP is the best way to measure an economy’s health, and whether it disregards key factors that affect people’s well ...

What is GDP and How Is It Used? GDP measures the output of goods and services produced by labor and property located within the U.S. during a given time period. 1 It was developed in the 1930s as a ...

How Well Does GDP Measure The Digital Economy? Jul. 20, 2016 3:14 PM ET XLK , VGT , UBER , TECL , IYW , ROM , FTEC , ABNB , RSPT 2 Comments Timothy Taylor ...

GDP growth can even worsen health status, pollute the environment, and reduce leisure time. Many countries are now starting to give indicators of well-being a central role in judging how well the ...

The textbooks generally point out five problems with using GDP as a measure of well-being: GDP counts "bads" as well as "goods." When an earthquake hits and requires rebuilding, GDP increases.

Instead of replacing GDP, the SPI data complement it by allowing for an assessment of a country’s performance relative to GDP. On this scale, Norway is #1, followed, in a tight band, by Sweden ...

In 140 pages of snappy text, Coyle lays out what GDP numbers measure, what roles they play in economic policymaking and forecasting, and how GDP numbers can sometimes mislead us, albeit not in the ...

Gross domestic product, or GDP, portrays US economy as remarkably resilient. But another measure - gross domestic income - revives recession fears.

GDP tells us how hot the economy is running, or how cool — like if we might be heading into a recession. And it's an important tool to compare countries, policies, and politicians.

For years, measuring economic welfare has been pretty straightforward. Classic economics obsess over a single value: gross domestic product. Luckily, economic paradigms are shifting, and experts are ...

Gross Domestic Product is the king of all statistics, across the world, says author Zachary Karabell. But what was a good metric for 1950s economies, he says, is ill suited to measuring economic ...