Which of the Following Prices Will Be Used When Calculating

question 61

Multiple Choice

Which of the following prices will be used when calculating the rate of growth of real GDP between the years 2010 and 2011 using the chain method?

• A) Prices in 2010, 2011, and in 2009 (the base year).
• B) Prices in 2005.
• C) Prices in 2011.
• D) The average of prices in 2010 and 2011.
• E) Prices in the base year (2009).

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