At 2017 Prices, the Value of Production in 2018 Was

question 148

Multiple Choice

At 2017 prices, the value of production in 2018 was 6 percentage points higher than in 2017. At 2018 prices, the value of production in 2018 was 4 percentage points higher than in 2017. Using the chain-weighted output index, real GDP is ________ in 2018 than in 2017.

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

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Definitions:

Approach-Approach

A conflict occurring when an individual must choose between two desirable outcomes or stimuli, leading to a decision-making process.

Positive Outcome

A result or effect that is beneficial or advantageous.

Conflict Resolution

The process of resolving a disagreement or dispute between parties in a constructive manner.

Conflict Management

The practice of identifying and handling conflicts in a sensible, fair, and efficient manner.