The Chain-Weighted Index Links Each Year to the Previous Year

question 12

Multiple Choice

The Chain-weighted index links each year to the previous year through:

• A)the use of nominal GDPs in prior years.
• B)the use of both the prior year prices and current year prices.
• C)the use of real GDPs in prior years.
• D)the use of base year implicit price index.

---

Definitions:

Replicate

To duplicate an experiment or study with the aim of verifying the original findings.

Degrees Of Freedom

The total of independent variables or amounts that may be allocated to a statistical distribution.

Error

A discrepancy between a computed, estimated, or measured value and the true, specified, or theoretically correct value.

Interaction

A situation in statistical analysis where the effect of one variable depends on the state of another variable.