At 2010 prices, the value of production in 2011 was 6 percentage points higher than in 2010. At 2011 prices, the value of production in 2011 was 4 percentage points higher than in 2010. Using the chain-weighted output index, real GDP is in 2011 than in 2010.
A) 7.5 percent greater
B) 4 percent smaller
C) 10 percent greater
D) 5 percent greater
Correct Answer:
Verified
Q382: Which of the following is TRUE regarding
Q383: Valuing the quantities of goods produced in
Q385: What kind of information is conveyed in
Q385: A trend is a general tendency for
Q387: A time series graph can show both
Q387: The chain-weighted output index
A) uses only the
Q388: You believe that the total amount of
Q389: The chain-weighted output index method of calculating
Q390: The chain-weighted output index method of measuring
Q391: Real GDP in 2010 is $10 trillion.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents