Use the following information to answer this question about the country of Polity:

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Using a fixed-weight price index with 1998 as the base year, what is the percent change in real output from 2000 to 2001?

Question

Use the following information to answer this question about the country of Polity:

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Using a fixed-weight price index with 1998 as the base year, what is the percent change in real output from 2000 to 2001?

Quizplus · Accepted Answer

The percent change in real output is calculated using the fixed-weight price index, which adjusts nominal output to reflect changes in price levels. Given the options, 10% is the correct percent change from 2000 to 2001.

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