The Chain-Weighted Output Index Method of Measuring Real GDP Is

question 258

Multiple Choice

The chain-weighted output index method of measuring real GDP is based on

• A) using current prices rather than base year prices.
• B) averaging the market value of the expenditures over a two year period and then comparing with a base period.
• C) using the prices of two adjacent years to calculate the growth rate of real GDP.
• D) averaging the nominal and real measures of GDP to come up with a more accurate figure.