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sinerus sinerus
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6 years ago
The chain-weighted index for GDP and the CPI differ in that the CPI
A) is calculated by the Commerce Department while the chain-weighted index is calculated by local newspapers.
B) is calculated in nominal terms and the chain-weighted index is calculated in real terms.
C) asks how much a fixed basket of goods costs in the current year as compared to the cost of those same goods in a base year while the chain-weighted index takes an average of price changes using base years from neighboring years.
D) excludes price changes from used and imported goods while the chain-weighted index includes these price changes.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Quinn1981Quinn1981
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6 years ago
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sinerus Author
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6 years ago
This calls for a celebration Person Raising Both Hands in Celebration
klyn
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Smart ... Thanks!
prime7105
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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