Article in Journal
Real Income and Terms of Trade
Wolfgang Nierhaus
ifo Institut, München, 2013
ifo Schnelldienst, 2013, 66, Nr. 16, 31-34
ifo Institut, München, 2013
ifo Schnelldienst, 2013, 66, Nr. 16, 31-34
![](https://www.ifo.de/DocImg/ifosd_2013_16_3.jpg?c=1689236886)
Since the general revision of Germany’s national public accounts in 1999, the German Federal Statistical Office has calculated real gross domestic product alongside the price-adjusted figure, or the purchasing power of income generated by the economic process. The disclosure of this variable, one of the key indicators of an economy, closed a major data gap in Germany’s public national accounts. This article throws light on the methods used to calculate and present current results.
JEL Classification: E310, F300, F410