The United States launched a new accounting method Chinese GDP over the United States at least until 5 years

People Washington, Gregorian calendar month thirty one (Reporter Liu political and military) in accordance with the pre-planned, the U.S. Department of Commerce's Bureau of Economic Analysis Gregorian calendar month thirty one formally official web site proclaimed the adjusted gross domestic product (GDP) accounting methodology, in addition as underneath the new approach to revise when economic knowledge. Since the new methodology are going to be R & D investment and diversion industries and different "intangible assets" into the accounting and pension deficit and different areas, therefore the revised 2012 total GDP augmented by three.6%, or $ 559.8 billion, adore the yankee folks to extend per person per annum $ 1783.


According to Bureau of Economic Analysis's announcement, the new accounting methodology is once for GDP and different value and products accounts comprehensive revision, can cowl 1929 to 2013 first-quarter economic knowledge all told, its purpose is to higher mirror the U.S. economy evolving characteristics.


Announced that the u.  s. throughout the amount 1929 to 2012 the typical annual GDP growth was three.3%, more than the previous data by zero.1% throughout the amount 2002 to 2012 the typical annual GDP growth was one.8%, more than the previous knowledge zero.2 %. whereas the new accounting methodology will be in 2010 and 2012 were up zero.1% GDP growth and zero.6%, however maintained 2011 knowledge unchanged.


Notice that this revision includes the subsequent 3 kinds of changes, together with change a number of the accounting definition and classification of content, so as to additional accurately mirror the standing of the U.S. economy, in addition as additional refined on the value and products accounts statistics, and also the introduction of latest or improved applied mathematics strategies and also the convenience of revised supply knowledge. Specifically, for the primary time business, government and noncommercial organizations in addition as R & D investment within the industry, literary and creative originality within the non-public sector in aras such expenditures are accounted for as fastened investment into areas absolutely recognized "intangible assets", or property right the role of the u.  s. contribution to the economy. Meanwhile, the program are going to be commercialism in fastened financial gain scenario under consideration content. additionally, the value of home possession are going to be transferred into fastened investment statistics.


Notice that the new accounting methodology just for U.S. GDP, a major impact, however it doesn't modification the broad trends in economic development or traditional mode of business cycles.


British "Financial Times" commented that very same day, the change permits the folks to the international money crisis in 2008 occurred when the "Great Recession" With the new understanding, the depth isn't as giant as antecedently thought, however recovery than antecedently thought to be additional strong. This understanding of the changes ar seemingly the Fed is incredibly vital, this spherical of the Fed can any strengthen the arrogance of health recovery.