The base year of an index is
A) the year chosen for the weights in a fixed weight procedure.
B) the year currently being calculated.
C) the last year of the index.
D) the first year of the index.
Correct Answer:
Verified
Q272: The year chosen for the weights in
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Q278: Per capita gross national income (GNI) decreases
Q279: GDP measured in current dollars is nominal
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