At 2015 Prices, the Value of Production in 2016 Was

question 201

Multiple Choice

At 2015 prices, the value of production in 2016 was 6 percentage points higher than in 2015. At 2016 prices, the value of production in 2016 was 4 percentage points higher than in 2015. Using the chain-weighted output index, real GDP is ________ in 2016 than in 2015.

• A) 10 percent greater
• B) 5 percent greater
• C) 7.5 percent greater
• D) 4 percent smaller

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