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:

Pricing Constraints

Limitations or restrictions that affect the pricing strategy of a company, including costs, competition, demand, and regulatory requirements.

Demand Factors

Various elements that influence the demand for a product or service, including price, consumer preferences, and economic conditions.

Pricing Margins

The difference between the cost of a product or service and its selling price, which is expressed as a percentage of the selling price.

Product Life Cycle

The stages a product goes through from introduction to growth, maturity, and decline in the market.