What could change a GDP-per-capita estimate even if total GDP stays constant? » Graduate U.S. Economy MCQ » MCQ Academy

U.S. Economy

What could change a GDP-per-capita estimate even if total GDP stays constant?

Switching the method of classifying manufacturing industries while population is unchanged
Using a different population estimate vintage or reference year
Using a different GDP price deflator when the numerator is held fixed
Updating an industry employment series without altering GDP or population

Switching the method of classifying manufacturing industries while population is unchanged
Using a different population estimate vintage or reference year
Using a different GDP price deflator when the numerator is held fixed
Updating an industry employment series without altering GDP or population

Note

A GDP-per-capita calculation can change if the population denominator uses a different year or estimate vintage.

The numerator may remain fixed while an updated population estimate changes the denominator. A per-capita series should specify compatible GDP and population years, statistical vintages, and the treatment of revisions. A per-capita comparison is sensitive to both the denominator's date and its revision history.

Tags: Economic Research Methods, New Jersey Facts

Note

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