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Economy & Business · Question 6 of 80

Question 6

MediumOriginal question

The GDP estimates for the first quarter of 2026-27 belong to the new national accounts series. What is its base year?

Options for question 6

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. The National Statistics Office released the new series of annual and quarterly GDP estimates, with base year 2022-23, on 27 February 2026.

  2. 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 time
35 s
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Ten questions from Economy & Business, at your own pace.

Written from
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Practise this chapter →

Ten questions from Economy & Business, at your own pace.