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:

Movement

Refers to change in position or location, often used in contexts ranging from physical activity to social change.

Cones

Photoreceptor cells in the retina of the eye that function best in bright light and enable color vision and fine detail perception.

Rods

Photoreceptor cells in the retina of the eye that are highly sensitive to low levels of light, making them important for night vision.

Fovea

A small depression in the retina of the eye where visual acuity is highest. This area is responsible for sharp central vision.