One Year-Ahead-Forecasts for Real GDP

question 129

Multiple Choice

One year-ahead-forecasts for real GDP

• A)reflect forecasters' beliefs about the determinants of potential GDP over the next year.
• B)are usually equal to the current year's GDP.
• C)are usually equal to a weighted average of real GDP over the past five years.
• D)reflect what forecasters believe will happen to the different spending components of real GDP.
• E)have no real use and are seldom done.

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