A Conditional Forecast of Real GDP Is

question 131

Multiple Choice

A conditional forecast of real GDP is

• A)a forecast using one of the 54 forecasts listed in Blue Chip Economic Indicators.
• B)a forecast based on potential GDP as opposed to the spending components of GDP.
• C)another name for the Blue Chip Consensus forecast.
• D)a forecast that explains what real GDP will be under alternative assumptions about the spending components.
• E)a forecast that is conditional on the time period in which it was made.

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Definitions:

Gold Coins

Coins made primarily or entirely of gold and used historically as currency, and today often collected as investments or keepsakes.

Small Denomination Time Deposits

Fixed-term deposit accounts offered by banks that have a lower minimum deposit requirement and are usually associated with lower interest rates.

Large Denomination Time Deposits

Savings accounts or certificates of deposit in large amounts, usually over $100,000, that earn interest over a fixed period of time.

M2

An assessment of the total amount of money in circulation, encompassing physical currency, deposits in checking accounts, and liquid assets like savings accounts and money market instruments.