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, ...

Productivity is computed through the comparison of total units of output within an economy to the total units of input within an economy. Productivity is considered an important measure of an ...

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 ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Gross national product (GNP) is a slightly ...

A very slightly odd suggestion in Malaysia that the country's economy should be measured in US dollars--something the minister responsible has rightly pointed out isn't quite right. Except, of course, ...

We are all familiar with the quarterly-released GDP numbers that tell us how the economy is doing. In this installment of What’s Ahead we discuss a measure that’s actually far superior: gross output, ...