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Machinery and Equipment Goods

The approach adopted for pricing the goods underlying investment expenditures on machinery and equipment is similar to the one for consumption goods and services, for which SPDs were used as the starting point. However, for consumption products, each region developed its own specifications to be added to a Global Core List. For machinery and equipment, the global office staff prepared the SPDs on a worldwide basis and developed the global product specifications. The global office identified specifically branded and unspecified generic products for each cluster. National coordinators were asked to provide prices for each available product, provided that the model specified was available and in common use in the economy. If more than one model could be priced on this basis, then national coordinators were asked to do so. In those cases for which exact product matches could not be found, each economy priced a model that broadly met the specifications and was commonly used in the economy.

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