Multiple Choice
If GDP in the fourth quarter is announced to be $1.6 trillion, what does this number reflect?
A) the actual amount of final goods and services produced in the fourth quarter
B) about four times the annual GDP rate
C) a somewhat lower amount than the amount actually produced in the fourth quarter, because GDP is seasonally adjusted, and nonseasonally adjusted GDP for the fourth quarter is typical higher
D) about four times the amount actually produced in that quarter, plus what had been removed for seasonal adjustment
Correct Answer:
Verified
Correct Answer:
Verified
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