Hedonic Pricing Is Used To

question 32

Multiple Choice

Hedonic pricing is used to:

• A) obtain chain- weight indexes.
• B) measure the rate of change in real GDP.
• C) calculate the difference between nominal GDP and real GDP.
• D) price the characteristics of a good or service.
• E) convert nominal values to real values.

---

Definitions:

Absolute Thresholds

The minimum intensity of a stimulus that one can perceive at least 50% of the time.

Colour Hue

The quality of a color determined by its dominant wavelength, making it distinguishable as red, green, blue, etc.

Light Wave

An electromagnetic wave visible to the human eye, responsible for the perception of light and color.

Wavelength

The distance between successive crests of a wave, often used to describe the properties of light and sound waves.