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To: GraceZ who wrote (95624)4/18/2001 10:44:58 AM
From: Ilaine  Respond to of 436258
 
The Fed has a good article explaining why the BEA switched to chain weighting GDP - and talks about the positive and negative aspects - available as PDF from the Fed:

ny.frb.org

You know, and I know, that it's just an approximation of the real economy and always has been. Even the IRS doesn't know the size of the real economy for sure.



To: GraceZ who wrote (95624)4/18/2001 2:01:40 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
My point is simply that it obviates part of your premise.

DAK