If GDP in the Fourth Quarter Is Announced to Be

question 34

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

---

Definitions:

Ordinary Course

A term used in business and law to refer to the normal conduct of business and operations.

Clear Title

A title to property or assets that is free of liens, disputes, or legal questions, ensuring unobstructed ownership.

Good Faith Purchaser

A Good Faith Purchaser is someone who buys property without knowledge of any existing claims or encumbrances against it, thus acquiring legal rights to the property.

Voidable Title

A legal term referring to a situation where a transfer of title to property can be invalidated due to certain circumstances, such as fraud or misrepresentation, giving the affected party the right to void the transaction.