Skip to main content
Macroeconomics
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Try the app
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Try the app
Back
Nominal GDP and Real GDP
Download worksheet
Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
Nominal GDP and Real GDP
Download worksheet
Practice
Summary
Previous
9 of 10
Next
11. Gross Domestic Product (GDP) and Consumer Price Index (CPI) / Nominal GDP and Real GDP / Problem 9
Problem 9
What is the primary benefit of using chain-weighted prices in GDP calculations?
A
They simplify the calculation process by using a single price for all goods.
B
They provide a more accurate reflection of economic growth by adjusting for changes in relative prices.
C
They eliminate the need for base year prices.
D
They focus on short-term economic fluctuations.
AI tutor
0
Show Answer