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.

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The method described is known as the chain-weighted output index, which is used to calculate real GDP by valuing goods produced in consecutive years using prices in both years and then averaging the percentage changes in the value of output. This approach accounts for changes in relative prices and is considered more accurate than the base-year approach.

Valuing the Quantities of Goods Produced in Consecutive Years Using