Economics · National Income Accounting
With reference to GDP calculation, the base year is the year whose prices are used to calculate the ______. I. Real GDP II. Nominal GDP
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only II
- 2Neither I nor II
- 3Only I✓
- 4Both I and II
Correct answer
Only I
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