%0 Journal Article
%T Quantity Indices in the Construction of the GDP Series
%A John M. Hartwick
%J Theoretical Economics Letters
%P 680-685
%@ 2162-2086
%D 2021
%I Scientific Research Publishing
%R 10.4236/tel.2021.114045
%X We provide a critique of the use of FisherĄ¯s Ideal
Quantity Index in the construction of the GDP series. Attention is focused on
an alternative which factors nominal GDP increase into a sum of a quantity
index and a price index rather than a product of a quantity index and a price
index. A twenty period example is used to compare approaches.
%K Quantity Indices
%K GDP Time-Path
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=110940