In Canada, real GDP is currently calculated using
A) a variable-weighting scheme.
B) a chain-weighting scheme.
C) a fixed-weighting scheme.
D) an autoregressive scheme.
E) constant-inflation scheme.

Question

Quizplus · Accepted Answer

In Canada, real GDP is currently calculated using a chain-weighting scheme. This method of calculation involves updating the weights of the various components of GDP annually to account for changes in the economy over time. This results in a more accurate measure of GDP that reflects the current structure of the economy.

In Canada, Real GDP Is Currently Calculated Using