Join Examsbook
Answer : 3. "Base year"
The year whose prices are being used to calculate the real GDP is called ______.
5Q:
The year whose prices are being used to calculate the real GDP is called ______.
- 1Current yearfalse
- 2Constant yearfalse
- 3Base yeartrue
- 4Fiscal yearfalse
- Show AnswerHide Answer
- Workspace
Answer : 3. "Base year"
Explanation :
Base Year prices are used to calculate the real GDP.