When Statistics Canada Calculates Real GDP Using the Average of Prices

question 48

Multiple Choice

When Statistics Canada 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)chain-weighted prices.
• B)fixed-weight prices.
• C)current-year prices.
• D)fixed base-year prices.
• E)international standard prices.

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