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Published in:
2017 | OriginalPaper | Chapter
2. Macroeconomic Growth and Structural Change
Author : Rongxing Guo
Published in: China Ethnic Statistical Yearbook 2016
Publisher: Springer International Publishing
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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.