Suppose We Switch the Base Year from 2000 to 2008

question 25

Multiple Choice

Suppose we switch the base year from 2000 to 2008.This change in the base year will cause

• A)nominal GDP in every year to increase.
• B)nominal GDP in every year to decrease.
• C)both nominal and real GDP in every year to decrease.
• D)real GDP in every year to decrease.
• E) none of the above

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Definitions:

Inconsistent Information

Information or data that does not align or correlate with other information, often leading to confusion or the need for further investigation.

Well-Established Impression

A firmly held belief or opinion about someone or something that is based on extensive experience or evidence.

Simple Judgement

The process of making a decision or forming an opinion based on a straightforward evaluation of evidence or facts.

Approach Behaviours

Actions directed towards obtaining positive outcomes or experiences.