8. Suppose we calculate the percent change in real GDP from year 1 to year 2 using both the Laspeyres and the Paasche indices. With the Laspeyres index we get 12 percent and with the Paasche index we get 9 percent. The chain-weighted growth of real GDP i . percent. a) 1.5 b) 9.75 c) 1.33 d) 10.5
8. Suppose we calculate the percent change in real GDP from year 1 to year 2 using both the Laspeyres and the Paasche indices. With the Laspeyres index we get 12 percent and with the Paasche index we get 9 percent. The chain-weighted growth of real GDP i . percent. a) 1.5 b) 9.75 c) 1.33 d) 10.5
Chapter1: Making Economics Decisions
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![8. Suppose we calculate the percent change in real GDP from year 1 to year 2 using both
the Laspeyres and the Paasche indices. With the Laspeyres index we get 12 percent and
with the Paasche index we get 9 percent. The chain-weighted growth of real GDP is
percent.
a) 1.5
b) 9.75
c) 1.33
d) 10.5](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc50dde5e-f221-4c49-9c14-7828fedb2c55%2F464286ff-f991-4880-9c56-0b7c4807b1c8%2Fj0pp3xi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:8. Suppose we calculate the percent change in real GDP from year 1 to year 2 using both
the Laspeyres and the Paasche indices. With the Laspeyres index we get 12 percent and
with the Paasche index we get 9 percent. The chain-weighted growth of real GDP is
percent.
a) 1.5
b) 9.75
c) 1.33
d) 10.5
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