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In Practice Initial Estimates of GDP

Question 21

Multiple Choice

In practice initial estimates of GDP


A) are never revised
B) are only revised several years after the initial release
C) are subject to very small revisions that do not influence the measurement of economic growth
D) are subject to significant revision that can alter measured growth
E) are so heavily revised that they give no useful information whatsoever which explains why nobody trusts official statistics.

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