We’ve long been led to believe that the best measure of an economy’s size and health is GDP—gross domestic product. It isn’t. It’s a very incomplete and, indeed, misleading picture of how an economy ...

Since World War II, most countries around the world have come to use gross domestic product, or GDP, as the core metric for prosperity. The GDP measures market output: the monetary value of all the ...

Learn how economic equilibrium balances market forces, the different types of equilibrium, and its applications in real-world scenarios for better financial insights.

As you may have heard, the U.S. inflation rate is 9.1%. That is, the Consumer Price Index for all items as estimated for June by the Bureau of Labor Statistics was 9.1% higher than it was a year ...

The Bureau of Economic Analysis said the improved second-quarter GDP results are credited to a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer ...