One year ago this week, Hurricane Sandy ravaged much of the eastern seaboard, leaving tens of thousands of families homeless and nearly as many businesses shuttered. Yet, by many estimates, the ...

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, ...

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 ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Robert Kelly is managing director of XTS Energy LLC, and has more than three ...

This week the government released yet another revision of first-quarter economic growth showing that the U.S. economy grew a tad less than initially reported ‑- 2.4 percent rather than 2.5 percent.

The GDP concept has historically been used to measure human well-being and progress. This analytical purview is now coming into question. The GDP concept limits analysis to the economic factor and ...