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Real GDP: Three Measures

In: An Introduction to National Accounts Statistics

Author

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  • R. G. D. Allen

Abstract

There are three measures of GDP in real terms to match the three measures at current prices (2.5 above). They are respectively from the side of expenditure, income and output and denoted as GDP(E), GDP(I) and GDP(O). All measures are index numbers; those used for illustration here are based on 1975 and run from 1973 to 1978.

Suggested Citation

  • R. G. D. Allen, 1980. "Real GDP: Three Measures," Palgrave Macmillan Books, in: An Introduction to National Accounts Statistics, chapter 7, pages 85-102, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-16386-1_7
    DOI: 10.1007/978-1-349-16386-1_7
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