A disadvantage of chain-weighting is that
A) past inflation rates change whenever the base year changes.
B) past growth rates of real GDP change whenever the base year changes.
C) it causes output growth to slow.
D) the components of real GDP don't sum to real GDP.
Correct Answer:
Verified
Q73: If nominal GDP for 2009 is $6400
Q74: Suppose that national saving is $1456 billion,investment
Q75: Nominal personal consumption expenditures in the United
Q76: The country of Old Jersey produces milk
Q77: In the mid- to late 1980s,the United
Q79: The value of real GDP in the
Q80: Currently,the U.S.national income and product accounts (NIPA)use
Q81: What is the difference between nominal and
Q82: The country of Myrule has produced the
Q83: The expected real interest rate (r)is equal
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