Multiple Choice
Janet calculated the GDP growth rates for France between 2012 and 2013.Using 2012 prices for both years,GDP increased 5 percent.Using 2013 prices for both years,GDP increased 1 percent.Hence the chained-price method will calculate that between these years,real GDP increased by
A) 1 percent.
B) 3 percent.
C) 5 percent.
D) 6 percent.
E) 4 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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