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 ...

“Measurement theory shows that strong assumptions are required for certain statistics to provide meaningful information about reality. Measurement theory encourages people to think about the meaning ...

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

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 ...

The Bureau of Economic Analysis released its third estimate of second-quarter GDP — a revised look at how much the economy grew between the beginning of April and the end of June. Today’s update did ...

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 and ...

French president Nicolas Sarkozy drew heat last month when he suggested that countries should factor happiness into their statistics for growth. After all, Sarkozy campaigned on promises of wealth ...

Real Private GDP has been remarkably consistent from July 2009 at 2.84% annual growth despite multiple major events over the period including wars, the panic of Peak Oil, the COVID lockdown etc. GDP ...

Syria’s example illustrates the challenges of gathering good economic data during conflict. Two destroyed tanks in front of a mosque in Azaz, north of Aleppo. Photo taken in August 2012 by Christiaan ...

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 one ...