Perhaps The Economy Does Measure Up
Your article "Suddenly, the economy doesn't measure up" (Economics, July 31), though useful, presented some misleading information that should be clarified. First, sectoral analysis will not be "nearly impossible." The chained dollars and the Bureau of Economic Analysis' new data on contributions to growth that were mentioned in your article will make sectoral analysis easier and more accurate than the current measure of real gross domestic product, which is biased and overestimates growth in current periods yet underestimates growth in past periods.
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