Question: Desert Kingdom (described in problem 3) decides to use the chain-weighted output index method of calculating real GDP. Using this method, calculate a. The growth

Desert Kingdom (described in problem 3) decides to use the chain-weighted output index method of calculating real GDP. Using this method, calculate
a. The growth rate of real GDP in 2011.
b. Compare and comment on the differences in real GDP in terms of the base-year prices and real GDP calculated using the chain-weighted output index method.

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a The growth rate of real GDP in 2011 is 179 percent The chainweighted output index method uses the ... View full answer

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