Chained dollars redux

[Tom Lehman]

Norman Frumkin in his Guide to Economic Indicators 2nd edition and in his
Tracking America's Economy 3rd edition goes into a discussion and explanation
of chained dollars and GDP.  Frumkin's publisher is M.E. Sharpe.

I really don't get much of this either---but---it does look interesting.

Tom L.

Doug Henwood wrote:


> Enrique Diaz-Alvarez wrote:
>
> >How do you get the whole, then? If investment category A increases by X,
> >category B by Y, how come total investment doesn't grow by X+Y?
> >
> >(Sorry if this is a stupid question)
>
> It's a bit complicated. See
> <http://www.bea.doc.gov/bea/an/0597od/maintext.htm> for the official
> line.
>
> > > Nominal spending on computer investment contributed just 2% of
> > > nominal GDP growth in 1998, though, and the broader category of info
> > > processing equipment, just 5%; people talk as if this is the whole
> > > enchilada these days, but in purely dollar terms, it's more like
> > > salsa.
> >
> >I assume you meant nominal spending _growth_ on computer investment and
> >info processing
> > equipment?
>
> Yup.
>
> Doug