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, ...
World GDP has been doubling every 25 years for last 100 years even after adjusting for inflation. This means we would be expecting 3 doublings from 2025-2100. However, the world appear to be seeing ...
The domestic economy, excluding the impact of foreign companies, grew by a healthy 3.8% in the first six months of the year. But when the impact of multinationals is included Gross Domestic Product ...