Chain-weighting: the new approach to measuring GDP

Charles Steindel

Current Issues in Economics and Finance, 1995, vol. 1, issue Dec

Abstract: 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 growth--which relies heavily on current price information--BEA will be able to measure GDP growth more accurately by eliminating upward biases in the incoming data.

Keywords: Gross; domestic; product (search for similar items in EconPapers)
Date: 1995
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