Calculate real gdp using the chained-dollar method, Microeconomics

Assignment Help:

Why in 1996 did the BEA switch to calculate real GDP using the "chained-dollar method" from the "constant-dollar method"?

The BEA made the switch from the constant-dollar method to the chained-dollar method, because the latter has enhanced the accuracy of the GDP growth calculations by yielding one unique estimated growth rate among any two years.  With the constant-dollar method, the growth estimate depends on which year is used as the base year.   

 


Related Discussions:- Calculate real gdp using the chained-dollar method

Explain how monetarist economics views the role of markets, Explain how Mon...

Explain how Monetarist economics views the role of markets and government intervention in fighting business cycles. Monetarist economics believes that the government should fol

Consumer surplus, using necessary and sufficient condition explain consumer...

using necessary and sufficient condition explain consumer surplus diagrammically and mathematically?

Revenue, draw the supernormal curve

draw the supernormal curve

Illustrate the income changes and consumption choice, Illustrate the income...

Illustrate the income changes and consumption choice. Income Changes and Consumption Choice: This is of interest to see at how the consumer’s demand changes when we hold pri

Mba, Is Indian companies running a risk by not giving attention to cost cut...

Is Indian companies running a risk by not giving attention to cost cutting

Homework blues, Is it possible to get an expert to check my homework before...

Is it possible to get an expert to check my homework before I submit it?

Deductive and inductive methods, what are the merits and demerits of deduct...

what are the merits and demerits of deductive inductive methods in economic analysis?

Explain the difference between a stock and a flow, Explain the difference b...

Explain the difference between a stock and a flow.   A stock is something whose quantity is calculated at a point in time, whereas a flow measures the quantity of something ove

Explain the human development index, Explain the Human Development Index ...

Explain the Human Development Index Introduced by the UN in 1990, the index take into account not only the goods and services formed but also the ability of a population to use

International comparisons method, International Comparisons Method In ...

International Comparisons Method In the 1960s, a few developing countries of the world looked around the developed world in search of models of development. For instance, Sout

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd