Chain-Weighting: The New Approach to Measuring GDP

Charles Steindel
1995 Social Science Research Network  
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.
doi:10.2139/ssrn.1001249 fatcat:yrurraykmjgrran2o6fpun2xt4