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  3. Study Set
    Macroeconomics Study Set 43
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    Exam 7: B: Measuring the Economys Output
  5. Question
    To Calculate the Real GDP, Statistics Canada Has Started to Consider
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To Calculate the Real GDP, Statistics Canada Has Started to Consider

Question 28

Question 28

True/False

To calculate the real GDP, Statistics Canada has started to consider both the quantities and prices in the base year and the following year and then average the two.

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