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 ...

AI added $160 billion to the US economy, but only $45 billion appears in GDP because of how growth is measured.

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 ...

Log-in to bookmark & organize content - it's free! Author and professor Jeremy Haft explained how Gross Domestic Product (GDP) is measured and alternatives to using this economic indicator as ...