When the BEA calculates real GDP using the average of prices in the current year and the year preceding it, and this average changes from year to year, this is called calculating GDP using

A) current-year prices. B) fixed-weight prices.
C) fixed base-year prices. D) chained-weighted prices.

Economics

If the ________ cost of production for two goods is different between two countries then mutually beneficial trade is possible

A) explicit B) marginal C) opportunity D) implicit

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Economics

Define the three functions of money

What will be an ideal response?

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Economics