{"id":25543,"date":"2026-10-16T23:29:39","date_gmt":"2026-10-16T17:29:39","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/new-jersey-chained-dollar-industry-gdp-components-not-always-total-gdp\/"},"modified":"2026-10-16T23:29:39","modified_gmt":"2026-10-16T17:29:39","slug":"new-jersey-chained-dollar-industry-gdp-components-not-always-total-gdp","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/new-jersey-chained-dollar-industry-gdp-components-not-always-total-gdp\/","title":{"rendered":"Why should chained-dollar industry GDP components not always be summed to reconstruct total GDP?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Why should chained-dollar industry GDP components not always be summed to reconstruct total GDP?<\/p>\n\n\n<ul class=\"quiz-options\">\n<li>Industry accounts include only private companies, while total GDP includes government<\/li>\n<li>Real industry output is measured at current prices but total output uses fixed quantities<\/li>\n<li>Chain-type quantity indexes are not strictly additive across components<\/li>\n<li>An industry&#8217;s value added is identical to its gross sales in all periods<\/li>\n<\/ul>","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","subject":[3258],"topic":[4001,3975],"education_level":[1897],"class_list":["post-25543","mcq","type-mcq","status-publish","hentry","subject-us-economy","topic-economic-research-methods","topic-new-jersey-facts","education_level-graduate"],"mcq_note":"<p><strong>Chained-dollar real GDP accounts are index-derived measures and are not always additive across detailed component industries.<\/strong><\/p>\n<p>Chain-type real GDP uses changing weights to reflect evolving relative prices. As a result, detailed chained-dollar components can fail to sum exactly to aggregate real GDP outside the reference year; analysts should not impose simple additivity. This statistical property prevents analysts from reconstructing every real aggregate by ordinary addition of published components.<\/p>","mcq_options":[{"right":"no","answer":"Industry accounts include only private companies, while total GDP includes government"},{"right":"no","answer":"Real industry output is measured at current prices but total output uses fixed quantities"},{"right":"yes","answer":"Chain-type quantity indexes are not strictly additive across components"},{"right":"no","answer":"An industry's value added is identical to its gross sales in all periods"}],"multi_answers":"no","subject_terms":[{"id":3258,"title":"U.S. Economy","slug":"us-economy"}],"topic_terms":[{"id":4001,"title":"Economic Research Methods","slug":"economic-research-methods"},{"id":3975,"title":"New Jersey Facts","slug":"new-jersey-facts"}],"education_level_terms":[{"id":1897,"title":"Graduate","slug":"graduate"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/25543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=25543"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=25543"}],"wp:term":[{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=25543"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=25543"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=25543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}