Chain-Weighting: The New Approach to Measuring GDP
Federal Reserve Bank of New York
Current Issues in Economics and Finance Vol. 1, No. 9, December 1995
Recent dramatic changes in the U.S. economy's structure have compelled BEA to revise the way in which it measures real GDP levels and growth. By switching to a chain-weighted method of computing aggregate growthwhich relies heavily on current price informationBEA will be able to measure GDP growth more accurately by eliminating upward biases in the incoming data.
Number of Pages in PDF File: 6
Keywords: GDP, chain-weighting
JEL Classification: O47, E00working papers series
Date posted: July 21, 2007
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