Multiple Choice
In the nation of Ophelia, quarterly GDP is always higher in the second quarter than in other quarters. In order to account for this predictable jump in GDP, what will Ophelia's government statisticians most likely do?
A) Make sure to account for inventory changes during the second quarter.
B) Report real GDP, not nominal GDP.
C) Focus on GNP rather than GDP during the second quarter.
D) Make a seasonal adjustment for the second quarter data.
Correct Answer:
Verified
Correct Answer:
Verified
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