A chain-weighted measure of real GDP is an improvement over traditional measures because the prices used to compute real GDP are:
A) never very out of date.
B) always from the same base year.
C) imputed.
D) chained to the CPI.

Question

Quizplus · Accepted Answer

Chain-weighted measures of real GDP use prices from a continuously updated base year, which prevents them from becoming outdated and provides a more accurate reflection of current economic conditions.

A Chain-Weighted Measure of Real GDP Is an Improvement Over