From 2010 to 2015, the price of electronic equipment fell dramatically and the price of housing rose
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From 2010 to 2015, the price of electronic equipment fell dramatically and the price of housing rose dramatically. What are the implications of this in deciding whether to use 2010 or 2015 as the base year in calculating 2013 real GDP?
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A price index based on 2010 prices will contain a relatively high price of el...View the full answer
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