Economics and economic policy need a rethink. This is clear from the scale of inequality, joblessness, insecurity and environmental disasters we see in the world.

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 transactions, so all the goods or services bought ...

Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period.

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 ...

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

On the national economy question, 56% of Republican respondents said they feel the U.S. is on the right track, while only 18% ...

All the hand-wringing this week over whether or not the U.S. economy has fallen into recession lacked an important consideration: What if the measure of GDP we're all focused on is itself ...

When it comes to measuring economic welfare, GDP doesn’t cut it Gross domestic product has been the standard measure for economic growth since 1944, but it doesn’t measure the quality of life.

When it comes to measuring the strength of the economy, one of the most important metrics to watch is the gross domestic product, or GDP. This week, the Commerce Department announced the U.S.

Measuring GDP GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year).