In 2014, New Zealand changed its method of calculating real GDP growth rate, substituting fixed weights with
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In 2014, New Zealand changed its method of calculating real GDP growth rate, substituting fixed weights with chain weights. What might explain such a change in method? Are the differences between the two methods significant?
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The change from fixed weights to chain weights in calculating the real GDP growth rate is a methodological adjustment aimed at improving the accuracy ...View the full answer
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Related Book For 
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster
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