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  3. Study Set
    Macroeconomics Study Set 12
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    Exam 4: Gdp: Measuring Total Production, Income and Economic Growth
  5. Question
    To Make the Calculation of Real GDP More Accurate, the Australian
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To Make the Calculation of Real GDP More Accurate, the Australian

Question 6

Question 6

Multiple Choice

To make the calculation of real GDP more accurate, the Australian Bureau of Statistics (ABS) switched to using:


A) base year prices.
B) current prices.
C) chained prices.
D) market prices.

Correct Answer:

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