GDP doesn’t measure what we should care about, say critics. Is that true?

The Commerce Department said Wednesday that U.S. gross domestic product, the broadest measure of economic output, expanded at a robust annual rate of 2.8% in the third quarter. The latest GDP increase ...

President Donald Trump’s global trade war has again distorted the broadest snapshot of the U.S. economy – this time creating a brighter picture. The economy grew solidly in the second quarter but ...

But it’s far from perfect. GDP is a poor measure of welfare. It tallies up all the goods and services produced in an economy—putting equal value on $100 whether it’s spent on concert tickets or ...

Forbes contributors publish independent expert analyses and insights. James Broughel is an economist focused on the economics of regulation. GDP is the total market value of all final goods and ...

The economy has cooled off in Baltimore City and Baltimore County, possibly a result of steps to combat inflation. Government estimates released Wednesday showed the Baltimore region’s economic growth ...