Chapter

Aggregation Issues in Integrating and Accelerating the BEA's Accounts

Edited by Brian C. Moyer, Marshall B. Reinsdorf and Robert E. Yuskavage

in A New Architecture for the U.S. National Accounts

Published by University of Chicago Press

Published in print July 2006 | ISBN: 9780226410845
Published online February 2013 | e-ISBN: 9780226410876 | DOI: http://dx.doi.org/10.7208/chicago/9780226410876.003.0008
Aggregation Issues in Integrating and Accelerating the BEA's Accounts

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This chapter considers aggregate measures of gross domestic product (GDP) obtained from the GDP-by-industry accounts. It identifies some of the causes of discrepancies between estimates based on the GDP-by-industry accounts and estimates based on the national income and product accounts (NIPAs) and provides recommendations for bringing the U.S. Bureau of Economic Analysis' aggregate real output measures into closer alignment. This chapter also evaluates the feasibility of short-run and long-run options for bringing the aggregate real output measures into closer alignment using newly developed data sets.

Keywords: gross domestic product; GDP-by-industry accounts; NIPAs; U.S. Bureau of Economic Analysis; real output measures

Chapter.  18160 words.  Illustrated.

Subjects: Economic Systems

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