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Author Question: When the BEA calculates real GDP using the average of prices in the current year and the year ... (Read 94 times)

mynx

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on: Jun 29, 2018
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


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underwood14

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


mynx

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Reply #2 on: Jun 29, 2018
Correct answers!


underwood14

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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