A team of economists offers America a new way to look at economic growth. It's a sort of GDP prototype that tracks the well-being of different income groups.

Dear John: I was hoping you could help me with a question about the gross domestic product (GDP) and the components of the calculation. I understand the concept of GDP. But who gathers the data? I … ...

In the middle of the eighteenth century, the physician-turned-economist François Quesnay devised a quantitative model of the economy, among the first of its kind and a precursor to present-day GDP.

The United States Gross Domestic Product (GDP) print came out Thursday morning, revealing that the US economy grew by 1.6%, slowing behind projections of 2.5%. Wealth! Host Brad Smith provides an ...

It is high time for the world to scrap the “dangerous” and out-dated economic measurement indicator known as GDP (gross domestic product). Outdated concept of GDP – expert Home Page ...

A recession is "a contraction in economic activity," according to experts. During a recession, there is a range of decline spread across the economy.

A mild recession could cost the economy as little as a few hundred thousand jobs or up to 1.8 million jobs if the nation’s gross domestic product, or economic output, declines 1.2%, and the ...