The impact of reduced inflation estimates on real output and productivity growth

Abstract

Despite posting their strongest sustained performance in many years, recent measures of output and productivity growth have still fallen short of their 1960-73 averages. Could data-measurement problems affecting the pricing of some services account for the inability of these widely tracked U.S. growth indexes to match their earlier rates?Economic indicators ; Productivity ; Gross domestic product ; Economic development ; Statistics ; Inflation (Finance)