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A New Architecture for the U.S. National Accounts$
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Dale W. Jorgenson, J. Landefeld, and William D. Nordhaus

Print publication date: 2006

Print ISBN-13: 9780226410845

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226410876.001.0001

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Integrating Expenditure and Income Data

Integrating Expenditure and Income Data

What to Do with the Statistical Discrepancy?

(p.309) 8 Integrating Expenditure and Income Data
A New Architecture for the U.S. National Accounts
J. Joseph Beaulieu, Eric J. Bartelsman
University of Chicago Press

This chapter compares the expenditure estimates of gross domestic product (GDP) with value added estimates derived by adding over industries. It shows that conflicting measurements of deliveries to final demand and value added in a few problem industries explain most of the aggregate statistical discrepancy. This chapter also provides a consistent, integrated set of estimates of industry gross output, deliveries to final demand, intermediates used and value added.

Keywords:   expenditure estimates, gross domestic product, industries, final demand, value added, statistical discrepancy, industry gross output

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