Which of the following is TRUE regarding the chain-weighted output index method?
I. It is the method used to measure the growth rate of nominal GDP.
II. It uses data from the current year and from the previous year.
III. It is a method of measuring the growth rate of real GDP.
A) I and III
B) I and II
C) II and III
D) I, II and III
Correct Answer:
Verified
Q377: Q378: A trend is Q379: A graph shows the wages of factory Q380: Trend refers to Q383: Valuing the quantities of goods produced in Q385: A trend is a general tendency for Q385: What kind of information is conveyed in Q386: At 2010 prices, the value of production Q387: A time series graph can show both Q387: The chain-weighted output index
A) the maximum value of
A) a general tendency for
A) uses only the
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