When the BEA Calculates Real GDP Using the Average of Prices

question 143

Multiple Choice

When the BEA calculates real GDP using the average of prices in the current year and the year preceding it,and this average changes from year to year,this is called calculating GDP using

• A)chained-weighted prices.
• B)fixed-weight prices.
• C)current-year prices.
• D)fixed base-year prices.

---

Definitions:

Dissociative Identity Disorder

A psychological condition where an individual experiences two or more distinct and alternating personality states, which may involve amnesia, identity confusion, and depersonalization.

Subpersonalities

Different parts or aspects of one's personality that can surface in varying contexts or emotional states.

Preferences

Individual likes, choices, or inclinations that inform decision-making.

Evoked Potential

A measure of the electrical activity in the brain in response to specific stimuli, used to assess neurological function.