Chain-type measures of real output and prices in the U.S. national income and product accounts: an update. From: Business Economics | Date: October 1, 1996| Author: Parker, Robert P.; Triplett, Jack E. | COPYRIGHT 1996 The National Association of Business Economists. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

A new methodology for computing changes in real output and prices was introduced in the 1996 comprehensive national income and product account revision. In the old method used by the Bureau of Economic Analysis, the change in real GDP was measured through the weights of a single year for all years of the GDP time series. The new method computes any single quarterly or yearly change in GDP by employing weights from the two adjacent years. Moreover, it formulates the time series of changes in r...

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