The New Chain-Weighted Estimate of GDP Has the Disadvantage That

question 32

Multiple Choice

The new chain-weighted estimate of GDP has the disadvantage that

• A) real GDP is different in amount than GDP measured in current dollars.
• B) it reflects only changes in current prices, not changes in the prices of previous years.
• C) it is calculated on the basis of fewer goods and services than fixed-weight estimates.
• D) the components of GDP do not precisely add up to total GDP.
• E) it results in some double counting in the value of GDP.

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Definitions:

Joint Cavity

The space between the articulating bones of a joint, filled with synovial fluid that lubricates and nourishes the joint.

Amphiarthroses

A type of joint in the body that allows for limited movement, as found between vertebrae.

Synarthrotic Joints

A type of joint that allows for little or no movement, typically found where bones are fused together, such as in the skull.

Synovial Joints

Freely movable joints in the body, characterized by a cavity filled with synovial fluid, which lubricates and nourishes the joint.