For many years now, the GDP has been severely criticized as not adequately measuring economic progress and the quality of life. The truth, however, is that the GDP was not designed to measure human ...

What's the best way to gauge the health of the economy? Gross domestic product, a measurement that calculates the value of all goods and services produced, has long been a good way to take the ...

Open this photo in gallery: Gross domestic product (GDP, a government-produced measure of economic output) is one of the most widely discussed econometrics in financial headlines that Fisher ...

Slow productivity growth is part of the subpar growth rates the United States has shown in recent years. But measurement problems are fooling us: People are better off than the statistics indicate.

Figures for the level and rate of growth of gross domestic product (GDP) are quoted ubiquitously, including in this magazine. They are widely agreed to tell us something of importance. But there is a ...