menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics
  4. Exam
    Exam 5: Measuring a Nations Income
  5. Question
    What Prices Are Used to Compute Real GDP
Solved

What Prices Are Used to Compute Real GDP

Question 33

Question 33

Multiple Choice

What prices are used to compute real GDP?


A) current-year prices
B) constant prices
C) future-year prices
D) the ratio of current-year prices to constant prices

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q28: Many things that society values, such as

Q29: In a given year, an economy has

Q30: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table

Q31: Which month of the year has an

Q32: Why is GDP computed using market prices

Q34: If GDP in the fourth quarter is

Q35: A firm produces consumer goods and adds

Q36: A country reported nominal GDP of $200

Q37: How is the estimated rental value of

Q38: GDP is used as the basic measure

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines