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BRIEFLY

A change in one GNP calculation is under study.

May 02, 1985

The prospective change in the calculation of computer product prices could have increased inflation-adjusted GNP by as much as 1 percentage point in each of the last three years. Such calculations have been based on the prices of computers remaining unchanged rather than declining drastically as they have over the past decade. The practice of not accounting for price changes was based on the assumption that increases in prices just about matched the cost of quality improvements so the real cost didn't change.

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