A measure
used to approximate the chain-type index level and is calculated by
taking the current-dollar level of a series in the
base
period and multiplying it by the change in the chain-type
quantity index number for the series since the base period.
Chained-dollar estimates correctly show growth rates for a series,
but are not
additive in periods other than the
base
period. Related terms:
chain-type
index,
current-dollar
estimate.
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