Multiple Choice
Which of the following prices will be used when calculating the rate of growth of real GDP between the year's 2005 and 2006 using the chain method?
A) prices in the base year (2002)
B) prices in 2005
C) prices in 2006
D) the average of prices in 2005 and 2006
E) prices in 2005, 2006, and in 2002 (the base year)
Correct Answer:
Verified
Correct Answer:
Verified
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