The chain-weighted measure of real GDP uses prices from:
A)a constant base year.
B)a constantly changing base year.
C)a base year that changes every five years.
D)a base year that changes every ten years.
E)none of the above

Question

Quizplus · Accepted Answer

The chain-weighted measure of real GDP uses prices from a constantly changing base year. This is because the weights used to calculate GDP are updated every year to reflect changes in the economy's composition and price levels. This allows for a more accurate measurement of real GDP that takes into account changes in relative prices over time.

The Chain-Weighted Measure of Real GDP Uses Prices From