Advertisement

Macroeconomic Growth and Structural Change

  • Rongxing Guo
Chapter

Abstract

Data on Gross Domestic Product (GDP) are computed by the Department of National Accounts of the National Bureau of Statistics (NBS) based on different approaches in the light of the different features of various sectors, various expenditure structures and different data sources. GDP is a measurement of value which changes depending on changes of price and production. GDP at constant prices converts the gross domestic product based on the current price into a value based on the price of the base period. When adjusted for price changes, the values of two different periods can be compared to reflect changes of both products and production activities.

Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Rongxing Guo
    • 1
  1. 1.Regional Science Association of ChinaPeking UniversityPekingChina

Personalised recommendations