THE WEEK

Is GDP the best way to measure economic growth?

A senior Labour shadow minister has suggested that the party could adopt a radically different approach to measuring the health of the economy, amid growing pressure worldwide to ditch GDP as a ...
Wall Street Journal

When GDP Won’t Do: A New Method For Measuring Digital’s Value

Most measures of economic performance used by government officials to inform their policies and decisions are based on gross-domestic-product figures. But concerns have long been raised that GDP-based ...
Forbes

Redefining GDP And Economic Growth In Inclusive Capitalism Terms

This last piece in a 5-article series, adapted from a speech I gave at a BritishAmerican Business virtual conference in September, suggests that while GDP has served a useful purpose in terms of ...
San Francisco Fed

Using Chain-Weighted NIPA Data

This Economic Letter discusses a topic that at first glance appears to be boring and technical but that in fact turns out to be quite important: the proper interpretation of chain-weighted data. To ...

Understanding GDP's Impact on Standard of Living

Discover how GDP influences living standards and explore alternative measures for a comprehensive view of economic well-being ...

How Are Aggregate Demand and GDP Related?

Explore how aggregate demand and GDP connect and differ, using insights from Keynesian economics to understand macroeconomic ...
The Economist

Why GDP is so difficult to measure

MEASURING output is the best way we have of taking the temperature of an economy. But the industry standard, gross domestic product (GDP) has a host of weaknesses. It is reliant on an arbitrary ...
CBS News

Why GDP fails as a measure of well-being

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, ...
Yahoo

China revises GDP calculation method to add health care, 'new economy'

BEIJING (Reuters) - China's statistics bureau said on Friday that it has revised the way it calculates the country's gross domestic product by including contributions from health care, tourism and ...
Morningstar

GDP Poor Measure of Nation's Economic Health, Says Ludwig Institute Report

"While the GDP provides a broad measure of economic output, it is less effective at capturing the nuances of economic well-being, particularly for individuals and households," Ludwig said. "GDP was ...

UN-backed experts call for shift beyond GDP to measure real progress

Backed by the UN trade and development agency, UNCTAD and other partners, the “Beyond GDP” initiative acknowledges a warning from Secretary-General Antonio Guterres that global policy making is ...