A senior Labour shadow minister has suggested that the party could adopt a radically different approach to measuring the health of the economy, amid growing pressure worldwide to ditch GDP as a ...

Discover how GDP influences living standards and explore alternative measures for a comprehensive view of economic well-being ...

Explore how aggregate demand and GDP connect and differ, using insights from Keynesian economics to understand macroeconomic ...

"While the GDP provides a broad measure of economic output, it is less effective at capturing the nuances of economic well-being, particularly for individuals and households," Ludwig said. "GDP was ...

Most Americans measure our nation’s economic success by how fast the gross domestic product grows. By that statistic, the United States is quite successful. In fact, the entire global economy has ...

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, ...

Most measures of economic performance used by government officials to inform their policies and decisions are based on gross-domestic-product figures. But concerns have long been raised that GDP-based ...