Question 1
GNP converted into dollars using an average exchange rate over several years adjusted for rates of inflation is
◦ gross national income.
◦ net national product.
◦ gross domestic product.
◦ real national product.
Question 2
The year chosen for the weights in a fixed weight procedure is known as the
◦ base year.
◦ nominal year.
◦ fiscal year.
◦ bilateral year.