Business, 18.06.2020 15:57 Miguel1310

Suppose we calculate the percentage change in real GDP from 2019 to 2020 using both the Laspeyres (first year prices) and the Paasche (final year prices) indices. With the Laspeyres approach we get 3 percent and with the Paasche approach we get 1 percent. What is the chain-weighted growth rate of real GDP

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