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- 2011-7-11
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|
Which of the following statements regarding the reporting of Gross Domestic Product (GDP) components is CORRECT? The three components of GDP are: A)
| collected and reported using three different methods. |
| B)
| collected in current prices and reported in constant prices. |
| C)
| collected and reported using the same methods. |
|
Output data is collected in both current and constant prices, while expenditure and income data is collected in current prices. All are restated in constant prices using an index or deflator. |
|