This paper’s framework for GDP in chained prices yields GDP in constant prices as a special case of constant relative prices, i.e., these GDP measures differ only when relative prices change. The framework has a novel additive procedure, counter to the prevailing view that GDP in chained...

Frontmatter -- Contents -- Preface -- Introduction to National Income Accounting -- Section I: Gross National Expenditure and Its Source -- Section II: The Disbursement Circuits Involved in National Income Accounting -- Conclusion