Gross domestic product (GDP) is the standard measure of the value of final goods and services produced by a country during a period minus the value of imports. This subset of Aggregate National Accounts comprises comprehensive statistics on gross domestic product (GDP) by presenting the three...

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

Economic policies are generally formulated on the basis of data available in real time, which might subsequently be revised. Implicitly, the possibility of data revisions creates an element of uncertainty around the very same data driving policy decisions. Given that such uncertainty could be...