0
$\begingroup$

I just need to know that how to make a data series of real government expenditures using nominal government expenditure data series.

$\endgroup$
  • 1
    $\begingroup$ Adjust for price changes, either for specific items of government expenditure or for price changes across the wider economy $\endgroup$ – Henry Jun 21 '19 at 18:18
2
$\begingroup$

If you have more detailed information about what kind of expenditures you have then you can use the CPI data. Current price data for government does not exist under the price program for BLS for you to use to convert the nominal to reals.

However, you can use the BEA industry data which does have a government sector price indexes for either valued added output, gross output concept of GDP or you can select the government sectors price indexes for intermediate inputs. It depends on the topic you are analyzing.

https://apps.bea.gov/iTable/iTable.cfm?ReqID=51&step=1

| improve this answer | |
$\endgroup$

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.