Chained dollars

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Chained dollars is used to express real dollar amounts adjusted over time for inflation. In 1996, the U.S. Department of Commerce introduced the chained-dollar measure. They generally reflect figures computed with 2000 as the base year. The technique is so named because the second number in a pair of successive years becomes the first in the next pair effectively creating a chain of weights and averages. [1]


[edit] References

  1. ^ Chained (1996) Dollars
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