When the BEA calculates real GDP using the average of prices in ...

[mynx]

When the BEA calculates real GDP using the average of prices in the current year and the year preceding it, and this average changes from year to year, this is called calculating GDP using
 
  A) current-year prices. B) fixed-weight prices.
  C) fixed base-year prices. D) chained-weighted prices.

Question 2

________ spending follows a smooth trend whereas, ________ spending is more volatile and subject to fluctuations.
 
  A) Government; consumer B) Consumer; government
  C) Consumer; investment D) Investment; consumer

[underwood14]

Answer to Question 1

D

Answer to Question 2

C

[mynx]

Correct answers!

[underwood14]

Great! Please up vote