| Home > Research > Research Publications |
| Current Issues in Economics and
Finance |
| Chain-Weighting: The New Approach
to Measuring GDP |
| December 1995 Volume 1, Number 9 |
| JEL classification: O47, E00 |
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Author: Charles Steindel 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. |
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