Seriously. How are you feeling about your economic situation? Because the unemployment rate is still near generational lows, inflation is down to 3.2%, and gross domestic product, or GDP, grew at a ...

Learn how GDP measures U.S. economic growth and its role in policy and budget planning by the Bureau of Economic Analysis.

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 ...

What exactly is GDP measuring. It surely is not measuring the state of the population as personal income growth continues to become a smaller share of overall USA spending,. And when one looks at ...

Since last summer the nation’s Gross Domestic Product (GDP) has gone up — indeed, it grew at a surprising 5.7% rate in the 4th quarter — seeming to confirm what we’ve been hearing: the recession is ...

Diane Coyle’s new book, GDP: A Brief But Affectionate History, is a timely contribution to discussions of modern economic performance. She argues that Gross Domestic Product increasingly ...

Gross domestic product (GDP) is the most commonly used measure of economic growth. But GDP isn't just inaccurate and misleading - it's the contrivance of Keynesian economists seeking to push their own ...

For most of the last seven decades, which is to say about as long as economists have been calculating what's now called "gross domestic product," it's been criticized for being, well, too gross.

Define GDP Explain the difference between real and nominal GDP Explain, using an example, one limitation of using GDP as a measure of living standards Why, despite being aware of its shortcomings, do ...