Alternative measures of real GNP. (gross national product)

From: Survey of Current Business | Date: April 1, 1989| Author: Young, Allan H. | Copyright information

THIS article reports on work underway at BEA to develop alternative measures of real GNP for presentation in the comprehensive revision scheduled for November 1990. It also shows the present measure of real GNP, in which output is valued in 1982 prices, recalculated in terms of 1987 prices for the period 1982-88. BEA is developing alternative measures because, for the reasons set forth in this article, a single measure of real GNP cannot be considered sufficient for all analytic...

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