When Calculating Real GDP, the Reference Base Year

Multiple Choice

When calculating real GDP, the reference base year

A) always reduces the value of GDP compared to GNP.
B) allows us to increase the value of goods and services.
C) allows us to account for changes in GNP compared to GDP.
D) allows us to calculate the value of the goods and services in terms of prices of that base year.
E) usually increases the value of GNP compared to GDP.