Consumer tastes and technological advances

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The commerce department announced that it is shifting from 1987 to 1992 as the base year for calculating the nations real GDP and price index. The new figures will account for changes in consumers tastes and technological advances.

The clipping claims that consumer tastes and technological advances will be accounted for, how this accounting wills be done?

Reference no: EM132051627

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Consumer tastes and technological advances : The clipping claims that consumer tastes and technological advances will be accounted for, how this accounting wills be done?
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