Which of the Following Prices Will Be Used When Calculating

question 6

Multiple Choice

Which of the following prices will be used when calculating the rate of growth of real GDP between the year's 2005 and 2006 using the chain method?

• A)prices in the base year (2002)
• B)prices in 2005
• C)prices in 2006
• D)the average of prices in 2005 and 2006
• E) prices in 2005, 2006, and in 2002 (the base year)

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