2. Which of the following variables is independent of the choice of base year? a. Nominal GDP b. Real GDP c. GDP Deflator d. none of the above

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
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Chapter5: Measuring A Nation's Income
Section: Chapter Questions
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2. Which of the following variables is independent of the choice of base year?
a. Nominal GDP
b. Real GDP
c. GDP Deflator
d. none of the above
Transcribed Image Text:2. Which of the following variables is independent of the choice of base year? a. Nominal GDP b. Real GDP c. GDP Deflator d. none of the above
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