The chain-weighted measure of real GDP uses prices from a:
A) constant base year.
B) constantly changing base year.
C) base year that changes every five years.
D) base year that changes every 10 years.
E) None of these answers is correct.

Question

Quizplus · Accepted Answer

The chain-weighted measure of real GDP uses prices from a constantly changing base year in order to more accurately reflect changes in the composition of the economy over time.

The Chain-Weighted Measure of Real GDP Uses Prices from A