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    Microeconomics Study Set 2
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    Exam 4: GDP: Measuring Total Production and Income
  5. Question
    Using "Chain-Weighted" Prices to Calculate Real GDP Remedies the Distortions
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Using "Chain-Weighted" Prices to Calculate Real GDP Remedies the Distortions

Question 264

Question 264

True/False

Using "chain-weighted" prices to calculate real GDP remedies the distortions caused by changes in relative prices over time.

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