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.

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