Measuring GDP, 1850–1958: Demand Side

Leandro Prados de la Escosura ()

Chapter Chapter 7 in Spanish Economic Growth, 1850–2015, 2017, pp 111-152 from Palgrave Macmillan

Abstract: Abstract Measuring aggregate economic activity through the expenditure side represents adding up all final products or sales to final demandDemand . Ideally, each expenditure component should be computed with actual data from households, firms and public administration. Unfortunately, lack of direct evidence renders such a task impossible and the so-called commodity flows approach provides a second-best alternative.

Date: 2017
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DOI: 10.1007/978-3-319-58042-5_7

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