If we calculate the real GDP using the ________ index, we use the ________ period's prices.
A) Laspeyres; final
B) Paasche; final
C) Paasche; initial
D) chain-weighted; current
E) chain-weighted; final

Name: If we calculate the real GDP using the ________ index, we use the ________ period's prices. A) Laspeyres; final B) Paasche; final C) Paasche; initial D) chain-weighted; current E) chain-weighted; final
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Question

Quizplus · Accepted Answer

The Paasche index calculates real GDP using the prices of the final period.

If We Calculate the Real GDP Using the ________ Index