The Chain-Weighted Output Index Method of Measuring Real GDP Is

question 173

Multiple Choice

The chain-weighted output index method of measuring real GDP is based on

• A) using current prices rather than base year prices
• B) using the prices of two adjacent years to calculate the growth rate of real GDP.
• C) averaging the market value of the expenditures over a two year period and then comparing with a base period.
• D) averaging the nominal and real measures of GDP to come up with a more accurate figure.

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