Cost of Living

Alternatives to measuring the size of an economy and how they could work in Canada

The GDP isn't the only measurement out there for economies. So what are the alternatives, how do they work and are they likely to be meaningful for both the Canadian economy and Canadians themselves?
In this June 19, 2019, file photo a cargo ship is docked at the Port of Los Angeles. (Marcio Jose Sanchez/The Associated Press)
Listen5:45

The GDP — or gross domestic product — is the standard way many countries, including Canada, tend to measure their economies.

But it's not the only measurement out there.

So what are the alternatives, how do they work and are they likely to be meaningful for both the Canadian economy and Canadians themselves?

Cost of Living host Paul Haavardsrud takes on that question from a listener.


Click "listen" at the top of the page to hear this segment, or download the Cost of Living podcast.

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