question_answer

The base year method of calculating real GDP compared

A)  quantities produced in different years using prices from a year chosen as a reference period

B)  quantities produced in different years with the prices that prevailed during the year in which the output was produced

C)  the quantities of goods produced in consecutive years using prices in both years and averaging the percentage changes in the value of output

D)  prices at different points in time using a sample of goods that is representative of goods purchased by households

E)  None of the above