If the Commerce Department Adjusts the Growth Rate of GDP

question 220

Multiple Choice

If the Commerce Department adjusts the growth rate of GDP downward for the first quarter of 2018,and the Bureau of Labor Statistics adjusts the number of hours worked upward for the first quarter of 2018,what will the Bureau of Labor Statistics do in terms of revising the figures on the growth rate of labor productivity for the first quarter of 2018?

• A)The BLS will adjust the growth rate downwards.
• B)The BLS will adjust the growth rate upwards.
• C)The BLS will not change the growth rate of productivity.
• D)The BLS will adjust the level of labor productivity upward and the growth rate downward.

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Definitions:

Incorporate

To include or integrate a part into a whole, often referring to the process of legally forming a business corporation or combining elements.

Secondary Schemes

Developmental actions in infants that show a higher level of coordination and cognitive abilities, typically emerging around 12-18 months.

Deliberate Trial-And-Error

A methodical approach to problem-solving that involves intentional experimentation to find a solution.

Secondary Schemes

Developmental behaviors observed in infants from around 4 to 8 months of age, indicating the emergence of coordinated actions involving both sensory and motor activities.