The chain-weighted output index A) uses only the current ...

[Collmarie]

The chain-weighted output index
 
  A) uses only the current year's prices to calculate growth in real GDP.
  B) uses prices for the current year and the previous year to calculate growth in real GDP.
  C) must be calculated only every other year.
  D) is an inaccurate way to measure growth in real GDP and so has been replaced by the nominal-to-real index.

Question 2

Which of the following is TRUE regarding the chain-weighted output index method?
 
  I. It is the method used to measure the growth rate of nominal GDP.
  II. It uses data from the current year and from the previous year.
  III. It is a method of measuring the growth rate of real GDP.
  A) I and II
  B) II and III
  C) I and III
  D) I, II and III

[fwbard]

Answer to Question 1

B

Answer to Question 2

B

[Collmarie]

Wow, this really help

[miss.ashley]

Thanks for the timely response, appreciate it