The Chain-Weighted Output Index Method

question 265

Multiple Choice

The chain-weighted output index method

• A) is used to calculate the value of nominal GDP.
• B) values the quantities produced in a year at the prices of the base year.
• C) shows that real GDP increases every year.
• D) uses the prices of two adjacent years to calculate the real GDP growth rate.

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Definitions:

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the volume of wood that is produced from a forest or a forest stand over a certain period of time.

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In biology, a rank below species that groups individuals sharing certain traits distinct from others in the species.

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