Multiple Choice
Suppose the government reports that U.S.GDP was about $13 trillion dollars in the most recent quarter.What is the correct interpretation of this number?
A) This number reflects the actual value of final goods and services produced in that quarter.
B) This number was obtained by taking the actual value of final goods and services produced in that quarter,then seasonally adjusting that value.
C) This number was obtained by taking the actual value of final goods and services produced in that quarter,then multiplying that value by 4.
D) This number was obtained by taking the actual value of final goods and services produced in that quarter,then seasonally adjusting that value and multiplying it by 4.
Correct Answer:
Verified
Correct Answer:
Verified
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