The new Gross Domestic Product (GDP) series released by the Central Statistical Organisation (CSO) in February 1999 is with reference to base price of

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Q: 63 (IAS/2000)
The new Gross Domestic Product (GDP) series released by the Central Statistical Organisation (CSO) in February 1999 is with reference to base price of

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,25,60,28,14,25,18

keywords: 

{'new gross domestic product': [0, 1, 0, 0], 'gdp': [0, 0, 0, 1], 'base price': [0, 1, 0, 0], 'cso': [0, 1, 0, 0], 'central statistical organisation': [0, 1, 0, 0], 'series': [0, 1, 1, 0]}

The new Gross Domestic Product (GDP) series released by the Central Statistical Organisation (CSO) in February 1999 is with reference to the base price of 1993-94. The base price refers to the year against which the GDP and its components are measured to calculate the growth rates and other economic indicators. In this case, the new series adopted the base year of 1993-94 as the reference point for measuring GDP.