Before the creation of the Human Development Index (HDI), a country’s level of development was typically measured using economic statistics, such as GDP, GNP, and GNI (Gross National …

In this field the economist is concerned with the extent to which the factors affecting economic development can be manipulated by public policy.

Gross domestic product, or GDP, is a measure used to evaluate the health of a country’s economy. It is the total value of the goods and services produced in a country during…

For example, a haircut in the United States may be more expensive than a haircut in India because the United States is a relatively wealthier country where people tend to be paid more …

At times of economic crisis, the economy is crippled because there is almost no demand for anything. As businesses’ sales decline, they begin laying off more workers, which causes a …

Examples of coincident indicators include industrial production, business and consumer sales, gross domestic product (GDP), and similar data points that peak or bottom out as the …

Economic historians have attempted to develop a theory of stages through which each economy must pass as it grows. Early writers, given to metaphor, often stressed the resemblance …

A country’s GNI will differ significantly from its GDP if the country has large income receipts or outlays from abroad. Those income items may include profits, employee compensation, …

The GDP price deflator isolates the inflationary aspect of economic growth. Although it’s primarily used by economists and policymakers, the GDP deflator can also inform your investment …

By means of economic analysis, it is often possible to know whether a proposed change in the organization of the community’s labour or in the uses to which it is put (as, for example, by …