What is a base year?

      

What is a base year?

  

Answers


Dana
Base year is a reference year that is determined by the country and whose prices are used in the computation of Gross Domestic Product.
Dana05 answered the question on July 3, 2019 at 11:02


Next: Differentiate between nominal Gross Domestic Product and real Gross Domestic Product
Previous: Give the definition of Gross Domestic Product deflator

View More Economics Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions