Which of the Following Is Always Measured in Prices from a Base-Year

question 49

Multiple Choice

Which of the following is always measured in prices from a base-year?

• A)both nominal and real GDP.
• B)nominal but not real GDP.
• C)real but not nominal GDP.
• D)neither nominal nor real GDP.

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Definitions:

DLC

Acronym for "Data Link Connector," an interface found in vehicles that allows access to the onboard diagnostics (OBD) system.

J1939 Data Bus

A communication protocol based on CAN (Controller Area Network) used in the heavy-duty trucking industry for electronic control units (ECUs) to communicate.

Smart Switch

A smart switch is an advanced electrical switch that can be controlled remotely through an app or a home automation system, allowing for smarter energy usage and convenience.