Hedonic pricing is used to
A)convert nominal values to real values.
B)calculate the difference between nominal GDP and real GDP.
C)measure the rate of change in real GDP.
D)obtain chain-weight indexes.
E) none of the above

Question

Quizplus · Accepted Answer

Hedonic pricing is a method used in economics to estimate the value of a good or service by breaking it down into its component parts. It is not directly related to converting nominal values to real values, calculating the difference between nominal and real GDP, measuring the rate of change in real GDP, or obtaining chain-weight indexes.

Hedonic Pricing Is Used to