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Measures and Analyses of the U.S. Economy
Published on AidPage by IDILOGIC on Jun 24, 2005
Program accomplishments...
Many of BEA's principal accomplishments in fiscal year 2002 were outlined in the following articles published in the Survey of Current Business, BEA's monthly journal of record. In January 2002, "Reliability of GDP and Related NIPA Estimates" presented results of a study that determined BEA's quarterly estimates of real GDP are reliable indicators of whether the economy is expanding or contracting; accelerating or decelerating, and whether the economy is growing at rates above, near, or below the long-term trend. In April, "Alternative Measures of Personal Savings" looked at the two-decade downtrend in the NIPA measure of the personal saving rate that has raised questions about the adequacy of savings to fund capital accumulation or the retirement of the baby boom generation, and determined concerns about retirement preparedness should be viewed within the broader context of household wealth. In May, "BEA's Strategic Plan for 2001-2005" reported on the plan that outlines the major focus of the Bureau's work over the next several years. In June 2001,"Gross Domestic Product by Industry: A Progress Report on Accelerated Estimates" examined BEA's development of a prototype methodology for preparing estimates of GDP by industry on an accelerated schedule. The accelerated estimates would be released in April 4, months after the end of the reference year and 7 months ahead of the release of the regular annual estimates in November. In October, the "Customer Service Report for Fiscal Year 2002" outlined many steps taken in the fiscal year to improve services to all of the Bureau's customers. In addition, BEA staff regularly present papers at semi-annual meetings of the BEA Advisory Committee. Full texts and abstracts are available on BEA's website at www.bea.gov/bea/papers.htm.
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