Economic growth refers to the increase in goods and services production over set periods, often measured by GDP or GNP, ...

Most measures of economic performance used by government officials to inform their policies and decisions are based on gross-domestic-product figures. But concerns have long been raised that GDP-based ...

Explore how aggregate demand and GDP connect and differ, using insights from Keynesian economics to understand macroeconomic principles.

Paul Allin is a member of the UK National Statistician's Expert User Advisory Committee and he is the Royal Statistical Society's Honorary Officer for National Statistics. Views expressed in this ...

I discuss the importance of understanding where the economy is in the business cycle for investors, highlighting the difficulty in predicting recessions. I suggest that GDPplus, a model introduced by ...

Because of the huge diversity of what is produced in a modern society, aggregation becomes difficult. GDP yields one monetary number to represent it and that is taken to present an aggregate picture ...