Currently,the U.S.national income and product accounts (NIPA)use what type of price index to calculate real GDP?
A)Fixed-weight
B)Variable-weight
C)Chain-weight
D)Heavy-weight

Question

Quizplus · Accepted Answer

The U.S. national income and product accounts (NIPA) use chain-weight price index to calculate real GDP. A chain-weight price index accounts for changes in both the prices and quantities of goods and services produced in the economy, making it a more accurate measure of economic growth than fixed-weight or variable-weight price indexes. The heavy-weight option is not a valid answer as it does not refer to any type of price index.