THE TEACHING ECONOMIST - William A. McEachern                 

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Issue 11, Spring 1996

William A. McEachern, Editor

The Evidence File

Revised GDP Estimates
($ billions)
YearCurrentChained (1992)
1959507.22212.3
1960526.62261.7
1961544.82309.8
1962585.22449.1
1963617.42554.0
1964663.02702.9
1965719.12874.8
1966787.83060.2
1967833.63140.2
1968910.63288.6
1969982.23388.0
19701035.63388.2
19711125.43500.1
19721237.33690.3
19731382.63902.3
19741496.63888.2
19751630.63865.1
19761819.04081.1
19772026.94279.3
19782291.44493.7
19792557.54622.4
19802784.24611.9
19813115.94724.9
19823242.14623.6
19833514.54810.0
19843902.45138.2
19854180.75329.5
19864422.25489.9
19874692.35648.4
19885049.65862.9
19895438.76060.4
19905743.86138.7
19915916.76079.7
19926244.46244.4
19936550.26383.8
19946931.46604.2
1995(III)7196.56763.2

Source: Bureau of Economic Analysis,
U.S. Dept. of Commerce.

Readings on the GDP Estimation

    Diewart, W.E., "Index Numbers," The New Palgrave: A Dictionary of Economics, J. Eatwell et al. (eds), (New York: Stockton Press, 1987): 767-80.

    "Gross Domestic Product," Survey of Current Business, Vol. 75 (Nov./Dec. 1995): 1-47.

    "Preview of the Comprehensive Revision of the National Income and Product Accounts: BEA's New Featured Measures of Output and Prices," Vol. 75 (July 1995): 31-43.

    "Preview of the Comprehensive Revision of the National Income and Product Accounts: Recognition of Government Investment and Incorporation of a New Methodology for Calculating Depreciation," Vol. 75 (Sept. 1995): 33-41.

    "Preview of the Comprehensive Revision of the National Income and Product Accounts: New and Redesigned Tables," Vol. 75 (Oct. 1995): 30-40.

    Steindel, Charles, "Chain-Weighting: The New Approach to Measuring GDP," Current Issues in Economics and Finance, Federal Reserve Bank of New York, Vol. 1 (Dec. 1995): 1-6

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