GDP and Growth
Gross Domestic Product (GDP)
What exactly is GDP (Gross Domestic Product)? Understand this widely-used indicator of economic output.
GDP Per Capita
The definition of GDP per capita, how it is measured, and the GDP per capita for the 10 richest, 10 poorest and the largest economies.
Explains the difference between real and nominal GDP.
What exactly is economic growth, and how is it measured?
GDP Growth Rate
It's important to know the difference between GDP, which is a numeric measurement of total economic output, and the GDP growth rate, which is how fast the economy is growing. You need to understand how both are used, and how the growth rate is calculated.
Ideal GDP Growth Rate
You would think that, when it comes to growth, faster is better. However, if growth is too fast, it's like running a fever. Find out why the ideal, or healthy, growth rate is between 2-3%. Understand why slower than that might indicate recession, and faster leads to inflation.
Gross National Product (GNP)
Find out the difference between Gross National Product (GNP) and Gross Domestic Product (GDP). You'll understand why GDP is a better measure of economic growth, and GNP a measure of national income.
The Power of the U.S. Economy
The U.S. economy provides 20% of the world's production, and yet provides a high standards of wealth for its people.
U.S. GDP measures the economic output of America.
U.S. GDP Growth
The U.S. real GDP growth rate will tell you the health of the economy. Compare to business cycle stage, unemployment rate and inflation for each year since 1929.
Real GDP Per Capita
Real GDP per capita measures a country's Gross Domestic Product, takes out the effect of price changes, and divides it by the number of people.
How to Compare GDP by Country
To compare GDP by Country, you must take into account exchange rates.
Purchasing Power Parity
Use purchasing power parity to compare GDP between countries.
World's Largest Economy
In 2007, t EU replaced the US as the world's largest economy, and has held onto that spot despite a global recession and the eurozone debt crisis. Find out why, and whether that's likely to change.
What Is the American Dream?
How the definition of the American Dream has changed through the years, from how it was first envisioned by our Founding Fathers in the Declaration of Independence to today.
The Real Wealth of Nations
The Real Wealth of Nations by Riane Eisler shows how economic models need to be changed to create a sustainable future.