Which of the Following Prices Will Be Used When Calculating

question 6

Multiple Choice

Which of the following prices will be used when calculating the rate of growth of real GDP between the year's 2005 and 2006 using the chain method?

• A)prices in the base year (2002)
• B)prices in 2005
• C)prices in 2006
• D)the average of prices in 2005 and 2006
• E) prices in 2005, 2006, and in 2002 (the base year)

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Definitions:

Tracheids

Tracheids are elongated cells in the xylem of vascular plants that serve in transport and structural support, facilitating the flow of water.

Xylem

The vascular tissue in plants that conducts water and dissolved nutrients from the roots to the rest of the plant and provides structural support.

Collenchyma

A type of plant tissue known for its flexible and elastic properties, providing structural support mainly in areas of growth.

Temperaments

Inherent personality traits that significantly influence an individual's behavior and the manner in which they interact with their environment and other people.