Janet calculated the GDP growth rates for France between 2012 and 2013. Using 2012 prices for both years, GDP increased 5 percent. Using 2013 prices for both years, GDP increased 1 percent. hence the chained-price method will calculate that between these years, real GDP increased by
A) 5 percent.
B) 4 percent.
C) 1 percent.
D) 6 percent.
E) 3 percent.
Correct Answer:
Verified
Q1: Undistributed profits-------------counted as part of GDP because-------------
A)are;
Q3: Real GDP measures the value of goods
Q4: Which of the following is true regarding
Q5: The base year is 2011. A country
Q6: How are final goods and services valued
Q7: Which of the following goods and services
Q8: In calculating GDP, we must
A)add the market
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