Which of the Following Monthly Data Series Is Closely Observed

question 66

Multiple Choice

Which of the following monthly data series is closely observed by the Business Cycle Dating Committee of the NBER?

• A) Real personal income less transfer payments
• B) Wholesale prices of goods
• C) Real GDP
• D) Total unemployment
• E) Real interest rates

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Definitions:

Trade Deficit

A situation in which a country's imports of goods and services exceed its exports, leading to more money flowing out of the country than coming in from foreign markets.

Imports

Goods and services brought into a country from abroad for sale.

Exports

Domestically produced goods and services sold in other countries.

Comparative Advantage

A theory in economics that suggests a country should specialize in producing and exporting goods in which it has a lower opportunity cost than its trading partners.