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 ...

If Hurricane Sandy, which struck a year ago today, was technically "good" for the country, we need a better way to measure national progress.

Gross Domestic Product (GDP) is a key indicator that helps us see how strong a country's economy is. It represents the total value of all goods and services made in a country over a specific period, ...

Learn how economists and statisticians track economic growth and why GDP might not be the best measurement of real economic gains.