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 ...

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, ...