Suppose We Calculate the Percent Change in Real GDP from Year

question 2

Multiple Choice

Suppose we calculate the percent change in real GDP from year 1 to year 2 using both the Laspeyres and the Paasche indices. With the Laspeyres index we get 12 percent and with the Paasche index we get 9 percent. The chain-weighted growth of real GDP is ________ percent.

• A) 1.5
• B) 9.75
• C) 1.33
• D) 9.5
• E) 10.5

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Definitions:

Folders

Containers used in a computer's operating system to organize files and other folders.

Temperature

A measure of thermal energy within a substance or environment, indicative of the degree of heat or coldness.

Tint

The addition of a color to another color or image, often used to adjust shades or create a specific mood.

Saturation

Saturation in the context of digital imaging and graphics refers to the intensity and purity of colors, impacting their vibrancy and how vivid they appear.