Question 6
MediumOriginal questionThe GDP estimates for the first quarter of 2026-27 belong to the new national accounts series. What is its base year?
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
The National Statistics Office released the new series of annual and quarterly GDP estimates, with base year 2022-23, on 27 February 2026.
The base year is the year whose prices constant-price figures are measured in. Real growth rates are worked out in those prices.
- Concept
- The base year of the new GDP series
- Typical timeTypical
- 35 s
- Your timeYours
- —
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- Written from
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