In Canada,real GDP is currently calculated using
A) a variable-weighting scheme.
B) a chain-weighting scheme.
C) a fixed-weighting scheme.
D) an autoregressive scheme.
E) constant-inflation scheme.

Question

Quizplus · Accepted Answer

Real GDP is currently calculated using a chain-weighting scheme in Canada. Chain-weighting is a method of adjusting for inflation by using a series of changing weights for the prices of goods and services. This allows for more accurate measurement of changes in the economy over time.

In Canada,real GDP Is Currently Calculated Using