The Chain-Weighted Output Index

question 201

Multiple Choice

The chain-weighted output index

• A) uses only the current year's prices to calculate growth in real GDP.
• B) uses prices for the current year and the previous year to calculate growth in real GDP.
• C) must be calculated only every other year.
• D) is an inaccurate way to measure growth in real GDP and so has been replaced by the "nominal-to-real" index.

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Economic side effects or consequences of commercial activities that affect other parties without this being reflected in market prices.

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