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The Commerce department announced that it shifting from 1987 to

Question : The Commerce department announced that it shifting from 1987 to : 5489

The Commerce department announced that it is shifting from 1987 to 1992 as the base year for calculating the nation's real GDP and price index. The new figures will account for changes in consumers' tastes, technological advances, and other phenomena. In the new official figures, will the number for real GDP for 1987 become larger, smaller, or stay the same as it was before the base was changed to 1992?

 

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Economics 1 Year Ago 145 Views
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