The chain-weighted output index method of measuring real GDP is based on
A) using current prices rather than base year prices.
B) averaging the market value of the expenditures over a two year period and then comparing with a base period.
C) using the prices of two adjacent years to calculate the growth rate of real GDP.
D) averaging the nominal and real measures of GDP to come up with a more accurate figure.
Question 2
Patents encourage invention by
A) offering subsidies to inventors.
B) offering tax breaks to inventors.
C) allowing patent owners to make an economic profit.
D) preventing inventors from working on the same project.
The theoretical design of nature reserves, based on the tenets of island biogeography.
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