The Chain-Weighted Output Index Method of Calculating Real GDP Compares

question 216

Multiple Choice

The chain-weighted output index method of calculating real GDP compares

• A) quantities produced in different years with the prices that prevailed during the year in which the output was produced.
• B) quantities produced in different years using prices from a year chosen as a reference period.
• C) prices at different points in time using a sample of goods that is representative of goods purchased by households.
• D) compares the quantities of goods produced in consecutive years using prices in both years and averaging the percentage changes in the value of output.

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Definitions:

Polygraph Test

A lie detector test that measures physiological responses such as blood pressure, pulse, and respiration to determine the truthfulness of an individual's answers.

Title VII

Refers to a provision in the Civil Rights Act of 1964 that bans discrimination in employment based on an individual's race, color, religion, sex, or national origin.

Civil Rights Act of 1964

Landmark legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin.

Title VII

A section of the Civil Rights Act of 1964 that forbids discrimination in employment due to one's race, color, religious beliefs, gender, or country of origin.