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, ...

Productivity is computed through the comparison of total units of output within an economy to the total units of input within an economy. Productivity is considered an important measure of an ...

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 ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Gross national product (GNP) is a slightly ...

There are a lot of things wrong with GDP as a measurement of how well we're all doing. Simon Kuznets pointed out a number of them when he devised the concept back in the 1930s. GDP doesn't measure the ...

10 leaders who have managed to win respect 10 leaders who have managed to win respect Illustrations by Newsweek; Source Material: Polaris For most of the last seven decades, which is to say about as ...

A very slightly odd suggestion in Malaysia that the country's economy should be measured in US dollars--something the minister responsible has rightly pointed out isn't quite right. Except, of course, ...

As Menzie explained on Monday, it isn't inflation. Since there still seems to be some controversy about this issue (e.g., Rich Karlgaard, Instapundit, and Reuters), let me take a stab at it as well.