One example is changing the way we measure progress. At the moment, our main economic indicator is GDP – gross domestic product. This is simply a measure of money changing hands in the economy.

As such, GDP was geared toward measuring factory production that was relatively standardized and therefore easily counted. Not anymore. Cross says the trend toward product customization, ...

Every 90 days we breathlessly await the latest GDP estimates to see how the economy is doing. Actually, this measure is flawed. There’s a better one called Gross Output. Trouble is, Washington ...

GDP Is a Bad Measure of Our Economy—Here’s a Better One. 6 minute read. Getty Images. Ideas. By Georgia Levenson Keohane / New America. April 19, 2015 10:30 AM EDT.

A basic guide to how the health of the economy is measured, and why that calculation matters. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please ...

The UK's latest GDP (Gross Domestic Product) figures are released on Tuesday, a key indicator of how the national economy is performing. BBC News explains in just over one minute, how your daily ...

The textbooks generally point out five problems with using GDP as a measure of well-being: GDP counts "bads" as well as "goods." When an earthquake hits and requires rebuilding, GDP increases.

Gross domestic product is a measure of output, income and spending all at the same time. In post-war Europe and America, the growth in living standards and in GDP were synonymous.

GDP is not enough to measure a country’s development. What if we used the Sustainable Development Goals instead? May 1, 2024 by Eric Champagne, Professeur agrégé, École d'études politique ...

China’s GDP growth has decelerated from an average of nearly 10 per cent between 1979 when economic reforms began and 2017, to an average of over 5 per cent from 2018 to 2023.