Historically, dominant measures of international exchange were trade in goods, or tangible products, and capital, such as investments. Recently, services have become a larger portion of developed economies and international trade. Trade in services will only increase in the future, given the...

Aggregate measures of real GDP growth obtained from the GDP by Industry Accounts often differ from the featured measure of real GDP growth obtained from the National Income and Product Accounts (NIPAs). We find that differences in source data account for most of the difference in aggregate real...