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Chain Fisher Volume Index
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In May 2001, the quarterly Income and Expenditure Accounts adopted the Fisher
index formula, chained quarterly, as the official measure of real expenditure-based
Gross Domestic Product. There are two reasons for the adoption of this particular
formula: it produces the most accurate measure of quarter to quarter growth
in GDP and its components; and, the change brings the Canadian measure in line
with the US quarterly Income and Product Accounts which also use the chain Fisher
formula to measure real GDP
For more information contact the Income and Expenditure
Accounts information service at (613) 951-3640 or by email.
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