A new chain-weighted measure of real GDP a. was introduced by the Bur
A new chain-weighted measure of real GDP
a. was introduced by the Bureau of Economic Analysis in 1995.
b. uses the average of prices in a given year and prices in the previous year instead of using prices in a base year as weights.
c. differs greatly from previous measures that utilized the base year method.
d. Both a and b
e. All of the above
ANSWER
D
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