. From a standpoint of evaluating a country’s economic performance over time, does it matter what year you choose as the base year in calculating a price index?
2007-09-04 11:31:59 · 3 answers · asked by Emmanuel M 1 in Social Science ➔ Economics
No. Regardless of the choice of base year, real GDP growth will remain the same.
2007-09-04 11:43:35 · answer #1 · answered by NC 7 · 2⤊ 0⤋
GDP is converted to real values using the implicit price deflator which is not the same as the CPI ( consumer price index), but the series are adjusted so the base year does not matter.
2007-09-04 13:15:13 · answer #2 · answered by meg 7 · 1⤊ 0⤋
that is robbing the lifeless, any way you verify out it. And in case you pick redistribution of wealth, that is nonetheless a solid theory to get rid of the dying tax. human beings will distribute their wealth by using capacity of their wills while they die, and it would be refrained from coming up a large forms, at definitely no fee to the government!
2016-10-17 23:20:59 · answer #3 · answered by ? 4 · 0⤊ 0⤋