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If We Calculate the Real GDP Using the Initial Period's

Question 40

Multiple Choice

If we calculate the real GDP using the initial period's prices, we are using a ________ index. If, instead, we use the final period's prices, we are using a ________ index.


A) Paasche; chain-weighted
B) Laspeyres; chain-weighted
C) Laspeyres; Paasche
D) Paasche; Laspeyres
E) chain-weighted; Fisher

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