Which of the Following Is TRUE Regarding the Chain- Weighted

question 76

Multiple Choice

Which of the following is TRUE regarding the chain- weighted output index method?
I. It is the method used to measure the growth rate of nominal GDP.
II. It uses data from the current year and from the previous year.
III. It is a method of measuring the growth rate of real GDP.

• A) I, II and III
• B) I and III
• C) I and II
• D) II and III

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Definitions:

Midpoint Formula

A method used to find the midpoint between two points on a line segment, which is the average of the x-coordinates and y-coordinates of the points.

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A metric determining the responsiveness of a good's demand to its price changes.

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The total amount of money received by a company from its sales of goods or services, before any expenses are subtracted.