At 2010 Prices, the Value of Production in 2011 Was

question 157

Multiple Choice

At 2010 prices, the value of production in 2011 was 6 percentage points higher than in 2010. At 2011 prices, the value of production in 2011 was 4 percentage points higher than in 2010. Using the chain-weighted output index, real GDP is in 2011 than in 2010.

• A) 7.5 percent greater
• B) 4 percent smaller
• C) 10 percent greater
• D) 5 percent greater

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Definitions:

Offering

A product, service, or combination thereof that a company presents to its customers.

Place Utility

Availability of a product in a location convenient for customers.

Title Transfer

The legal process of transferring ownership of property, such as real estate or vehicles, from one party to another.

Location

The geographical place or position of something.