Multiple Choice
A fixed-weight price index
A) equals the value of current output at current prices divided by the value of current output at base-year prices.
B) equals the value of a fixed basket at current prices divided by the value of a fixed basket at base-year prices.
C) is used to calculate the GDP deflator.
D) is misleading because it cannot distinguish between nominal and real measures.
Correct Answer:
Verified
Correct Answer:
Verified
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