Valuing the quantities of goods produced in consecutive years using prices in both years and then averaging the percentage changes in the value of output is part of the ________ method of calculating real GDP

A) base-year
B) moving-base-year
C) chain-weighted output index
D) fixed quantities/variable prices

C

Economics

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If tomato growers in Florida lobby the U.S. government to impose an import quota on Mexican tomatoes, who gains from such a quota?

A) Mexican growers B) the U.S. government C) no one D) U.S. consumers E) U.S. growers

Economics

Capital accumulation definitely

A) has no impact on the production possibilities frontier. B) shifts the production possibilities frontier inward. C) makes the production possibilities frontier steeper. D) shifts the production possibilities frontier outward.

Economics